特朗普硬幣ETF正是SEC應該阻止的

允許擴大對第一個家庭的模因的交換貿易資金將朝著錯誤的方向進行加密監督。

classroom, and FIT21 sailed through the Senate in early 2025. President Trump signed the bill into law on Jan. 20, 2025, at Mar-a-Lago.

教室和FIT21於2025年初航行。特朗普總統於2025年1月20日在瑪麗·拉戈（Mar-A-Lago）簽署了該法案。

Now, the Trump administration is considering whether to allow exchange-traded funds that magnify exposure to memecoins created by members of the first family. This move would be a mistake and would take crypto oversight in the wrong direction.

現在，特朗普政府正在考慮是否允許是否允許交易所交易的資金，以擴大對第一家族成員創建的成員的接觸。這一舉動將是一個錯誤，將使加密監督朝錯誤的方向進行。

Trump Coins

王牌硬幣

In early 2023, Eric Trump and Kimberly Guilfoyle launched MAGA Coin and Save America Coin, respectively, as part of a broader effort to raise funds for Trump’s 2024 campaign. These coins quickly became two of the top gainers in the crypto markets, rising more than 1,000% from their initial offering prices.

2023年初，埃里克·特朗普（Eric Trump）和金伯利·吉爾福伊（Kimberly Guilfoyle）分別推出了Maga Coin和Save America Coin，這是為籌集特朗普2024年競選資金的廣泛努力的一部分。這些硬幣很快成為加密貨幣市場中的兩個最大漲幅，比初始發行價格增長了1,000％以上。

The coins are notable for their lack of substance. They have no use case beyond being a fundraising tool for the Trump family, and they are not decentralized. Instead, they are centralized coins that can be easily manipulated by their creators. Moreover, the coins are being shilled by Trump allies in the media, who are touting their gains without disclosing their close relationship to the Trump family.

硬幣因缺乏實質而著稱。除了成為特朗普家族的籌款工具之外，他們沒有用例，而且沒有分散。取而代之的是，它們是集中的硬幣，很容易由創作者操縱。此外，媒體中的特朗普盟友將這些硬幣削減，他們正在吹捧自己的收益，而沒有透露與特朗普家族的密切關係。

Despite these clear red flags, both coins have been included in the Trump Coin ETF, an exchange-traded fund that tracks the performance of a basket of Trump-related memecoins. The ETF is set to begin trading on the New York Stock Exchange later this month.

儘管有這些透明的危險信號，但兩枚硬幣都包含在特朗普硬幣ETF中，這是一個以交易所交易的基金來追踪一籃子與特朗普相關的成員的表現。 ETF將於本月晚些時候開始在紐約證券交易所進行交易。

Coin ETFs

硬幣ETF

Coin ETFs are a new financial product that have been rapidly gaining popularity. These ETFs track the performance of a basket of cryptocurrencies, allowing investors to gain exposure to the digital asset class without having to buy and store the coins themselves.

硬幣ETF是一種新的金融產品，一直在迅速越來越受歡迎。這些ETF跟踪了一籃子加密貨幣的性能，使投資者能夠獲得數字資產類別的曝光率，而無需購買和存儲硬幣本身。

Coin ETFs are typically structured as closed-end funds, which means they issue a fixed number of shares at the beginning of their life. These shares are then traded on the secondary market, and the ETF’s net asset value adjusts to reflect the changing prices of the underlying coins.

硬幣ETF通常以封閉式基金結構結構，這意味著它們在生命開始時發行了固定的股份。然後將這些股份在二級市場上進行交易，ETF的淨資產價值調整以反映基礎硬幣的價格變化。

Coin ETFs have several advantages over investing in the underlying coins directly. First, ETFs are more liquid than individual coins, making it easier for investors to buy and sell their positions quickly. Second, ETFs are regulated by the Securities and Exchange Commission, which provides some level of protection for investors.

硬幣ETF比直接投資基礎硬幣具有多個優勢。首先，ETF比單個硬幣更液體，使投資者更容易快速買賣其頭寸。其次，ETF受證券交易委員會的監管，該委員會為投資者提供一定程度的保護。

However, coin ETFs also have some disadvantages. One disadvantage is that they can be expensive to trade, especially for small investors. Another disadvantage is that coin ETFs are not always transparent, making it difficult for investors to understand how their money is being used.

但是，硬幣ETF也有一些缺點。一個缺點是它們的交易價格昂貴，尤其是對於小型投資者而言。另一個缺點是硬幣ETF並不總是透明的，這使得投資者難以了解其資金的使用方式。

Trump Coin ETFs

特朗普硬幣ETF

The Trump Coin ETF is a new financial product that is being created by a group of Trump allies. The ETF will track the performance of a basket of Trump-related memecoins, including MAGA Coin and Save America Coin.

特朗普硬幣ETF是由一群特朗普盟友創造的新金融產品。 ETF將跟踪一籃子與特朗普相關的成員的表現，包括Maga Coin和Save America Coin。

The ETF is being marketed to Trump supporters as a way to own a piece of the former president’s legacy. However, the ETF is also likely to be a major fundraising tool for the Trump family, as they will receive a portion of the profits from the ETF.

ETF正在向特朗普支持者推銷，以此作為擁有前總統遺產的一種方式。但是，ETF也可能是特朗普家族的主要籌款工具，因為他們將獲得ETF的一部分利潤。

The Trump Coin ETF is also likely to be a major point of contention between the Trump administration and the Securities and Exchange Commission. The SEC has been cracking down on crypto products that it believes are being used to defraud investors.

特朗普硬幣ETF也可能是特朗普政府與證券交易委員會之間的主要爭論點。 SEC一直在打擊它認為正在欺騙投資者的加密產品。

Coin ETFs are a new financial product that is still being evaluated by regulators. However, the Trump administration is considering allowing ETFs that magnify exposure to memecoins created by members of the first family. This move would be a mistake and would take crypto oversight in the wrong direction.

硬幣ETF是一種仍在監管機構評估的新金融產品。但是，特朗普政府正在考慮允許ETF放大對第一家族成員創建的模因的接觸。這一舉動將是一個錯誤，將使加密監督朝錯誤的方向進行。