週日，唐納德·特朗普（Donald Trump）總統計劃向矽谷加密貨幣支持者履行承諾

他指出，該儲備將包括包括比特幣和以太坊在內的眾所周知的加密貨幣，以及XRP，Solana和Cardano等令牌。

President Donald Trump's plans to fulfill a promise to the Silicon Valley cryptocurrency backers who invested millions into his Super PAC for his 2024 campaign appear to be progressing. In an effort to ensure the U.S. becomes the “Crypto Capital of the World,” the president announced on Truth Social on Sunday that his administration aims to establish a “U.S. Crypto Reserve” as part of an executive order that promotes the development of digital assets.

唐納德·特朗普（Donald Trump）總統計劃履行對矽谷加密貨幣支持者的承諾，他們將數百萬美元投資於他的超級PAC參加他的2024年競選活動似乎正在發展。為了確保美國成為“加密之都世界之都”，總統週日宣布，他的政府旨在建立“美國加密儲備”，作為促進數字資產發展的行政命令的一部分。

This reserve, he indicated, would include well-known cryptocurrencies such as Bitcoin and Ethereum, plus tokens like XRP, Solana, and Cardano.

他指出，該保護區將包括眾所周知的加密貨幣，例如比特幣和以太坊，以及XRP，Solana和Cardano等代幣。

The nature of this strategic reserve, particularly whether the government would acquire cryptocurrencies for the reserve using taxpayer money—a move that would require Congressional approval—remains unclear. However, the news has buoyed blockchain enthusiasts. Currencies that had experienced gains since Trump’s election but had recently declined surged again, with Bitcoin seeing a notable 10 percent increase.

該戰略儲備金的性質，特別是政府是否會使用納稅人資金為儲備金獲得加密貨幣，這一舉動需要國會批准，但不清楚。但是，這一消息激發了區塊鏈發燒友。自特朗普當選以來的貨幣經歷了收益，但最近再次下降了，比特幣的貨幣顯著增加了10％。

But the optimism was short-lived as Trump announced on Monday that stiff tariffs on imports from Canada and Mexico are forthcoming, triggering significant losses on Wall Street and wiping out recent gains in the crypto market.

但是，隨著特朗普週一宣布，對加拿大和墨西哥進口的嚴重關稅即將到來，這一樂觀情緒是短暫的，即將引發華爾街的巨大損失，並消除了加密貨幣市場的最新收益。

By Monday afternoon, Bitcoin, Ethereum, Solana, and XRP had reverted to their prior values, while Cardano lost about 20 percent of its peak worth.

到週一下午，比特幣，以太坊，索拉納和XRP已恢復了其先前的價值，而卡爾達諾（Cardano）損失了約20％的峰值價值。

Even before these losses, experts expressed skepticism regarding the potential advantages of a national crypto reserve. Some industry insiders voiced concerns over the White House’s interest in including more volatile currencies, an aspect that could be problematic. (In a subsequent post following his initial announcement, Trump clarified that Bitcoin and Ethereum would be included in the reserve’s assets, seemingly in response to concerns.) Economists have characterized the crypto reserve concept as beneficial for crypto investors but risky for average taxpayers. A few journalistic critics have even labeled it as blatant corruption—noting that Trump’s crypto advisor, David Sacks, a tech venture capitalist and associate of Elon Musk, holds investments in the five cryptocurrencies mentioned on social media.

甚至在這些損失之前，專家對國家加密保護區的潛在優勢表示了懷疑。一些行業內部人士對白宮的興趣表示擔憂，其中包括更多波動性的貨幣，這可能是有問題的。 （特朗普在最初宣布後的後續文章中澄清說，比特幣和以太坊將包括在儲備金的資產中，這似乎是為了回應關注點。）經濟學家將加密儲備儲備的概念描述為對加密投資者有益，但對普通納稅人來說有風險。一些新聞評論家甚至將其標記為公然的腐敗，而不是特朗普的加密助理顧問戴維·薩克斯（David Sacks）是科技風險投資家，埃隆·馬斯克（Elon Musk）的合夥人，對社交媒體上提到的五個加密貨幣進行了投資。

Sacks defended his position on X, citing part of a Financial Times article that stated he and his firm, Craft Ventures, had sold their direct cryptocurrency holdings “shortly after Trump’s inauguration.” The article specifies that Craft still retains stakes in various crypto startups. Sacks claimed he divested from Bitcoin, Ethereum, and Solana, though he provided a slightly different timeline, stating that he sold these assets “before the administration began.” A Community Note in response to his post highlighted that Craft is an investor in asset management firm Bitwise, whose CEO disclosed on Sunday that their top five positions align with the same five cryptocurrencies Trump mentioned.

薩克斯（Sacks）捍衛了他在X上的立場，理由是他和他的公司Craft Ventures在《特朗普就職典禮後不久》中出售了他和他的公司Craft Ventures的一部分。文章指出，Craft仍然保留各種加密初創公司的股份。薩克斯聲稱他從比特幣，以太坊和索拉納撤資，儘管他提供了一個略有不同的時間表，並指出他在“政府開始之前”出售了這些資產。對他的帖子的回應，一份社區說明強調說，Craft是資產管理公司Bitwise的投資者，他的首席執行官在周日透露，他們的前五名位置與特朗普提到的同一五個加密貨幣一致。

Sacks, whose government ethics review is still pending, also countered Joe Lonsdale, another affluent venture capitalist and Trump supporter, who criticized Trump’s crypto reserve idea on X, arguing that “Taxation is theft. It should be minimized. It’s wrong to take my money for leftist schemes; it’s equally wrong to tax me for the crypto ambitions.”

薩克斯（Sacks）的政府道德審查仍在審理中，他還與另一位富裕的風險資本家和特朗普的支持者喬·倫斯代爾（Joe Lonsdale）打了反對，他們批評了特朗普對X的加密儲備金的想法，並認為“稅收是盜竊。應該最小化。把我的錢拿給左派計劃是錯誤的。為加密省的野心徵稅同樣是錯誤的。”

Sacks replied, “No one announced a tax or spending initiative. Perhaps you should wait and see what is actually being proposed.”

薩克斯回答說：“沒有人宣布稅收或支出計劃。也許您應該拭目以待，看看實際提出了什麼。”

One challenge in clarifying the details of a potential reserve is that minimal information has been disclosed beyond the diverse asset mix. Even within the crypto trading community, there is some hesitation regarding the idea of the federal government purchasing more Bitcoin with Treasury funds, a tactic that could backfire if the value of the digital currency were to drop dramatically. An alternative suggestion gaining some traction is for the U.S. to accumulate the billions in Bitcoin seized through law enforcement efforts, rather than liquidating it, although this presents its own logistical challenges. The White House is set to host its inaugural crypto summit on Friday, with Sacks indicating on his official government X account that the gathering will bring together “notable founders, CEOs, and investors from the crypto sector.”

闡明潛在儲備的細節的一個挑戰是，超出了不同資產組合之外的最小信息。即使在加密貨幣貿易社區中，聯邦政府用國庫資金購買更多比特幣的想法也有些猶豫，如果數字貨幣的價值急劇下降，這種策略可能會適得其反。獲得一些吸引力的另一種建議是，美國是通過執法工作佔領的數十億比特幣，而不是清算，儘管這提出了自己的後勤挑戰。白宮將於週五舉辦首屆加密省會峰會，麻袋在其官方的政府X帳戶上表明，聚會將匯集“來自加密貨幣領域的著名創始人，首席執行官和投資者”。

Meanwhile, there’s a pervasive sense of impropriety where the Trump administration and the cryptocurrency market intersect. The Trump family’s first crypto venture, World Liberty Financial, was launched in 2024 and quickly attracted the attention of prominent Chinese crypto entrepreneur Justin Sun. The Securities and Exchange Commission filed a lawsuit against Sun in 2023, accusing his companies, Tron and Rainberry (formerly known as BitTorrent), of fraudulently manipulating crypto markets and unlawfully compensating celebrities including Lindsay Lohan, Jake Paul, and rapper Soulja Boy to promote tokens without revealing their financial incentivization. However, just last week, after Sun accumulated a $75 million stake in World Liberty Financial tokens, the Trump SEC moved to suspend the fraud case against him. The project’s documentation indicates that the Trumps stand to earn 75 percent of the profits from those tokens.

同時，特朗普政府和加密貨幣市場相交的不當不當感。特朗普家族的第一個加密貨幣世界自由金融公司於2024年成立，並迅速吸引了中國著名的加密企業家賈斯汀·孫（Justin Sun）的注意。美國證券交易委員會於2023年提起了針對Sun的訴訟，指責他的公司Tron和Rainberry（以前稱為Bittorrent），欺詐性地操縱了加密市場，並非法補償林賽·羅漢（Lindsay Lohan），傑克·保羅（Jake Paul），傑克·保羅（Jake Paul），傑克·保羅（Jake Paul），以及Rapper soulja Boy，促進代表的經濟侵害而促進造型。但是，就在上週，在太陽累積了7500萬美元的世界自由金融代幣股份後，特朗普SEC暫停了針對他的欺詐案。該項目的文件表明，特朗普將從這些代幣中賺取75％的利潤。

Additionally, just before the president’s January inauguration, the Trump team introduced two so-called meme coins, $TRUMP and $MELANIA (named after the First Lady), which were fraught with ethical dilemmas,

此外，就在總統一月就職典禮之前，特朗普團隊介紹了兩個所謂的模因硬幣，$ trump和$ melania（以第一夫人的名字命名），這些硬幣充滿了道德困境，