特朗普一家人控制了加密貨幣，因為它籌集了超過十億美元

隨著世界自由金融籌集了超過十億美元，唐納德·特朗普總統的家人控制了加密貨幣，並抓住了這些資金中的獅子

President Donald Trump’s family has taken control of a crypto venture that has raised more than half a billion dollars and will claim the lion’s share of those funds, aided by governance terms that industry experts say favor insiders.

唐納德·特朗普（Donald Trump）總統的家人已經控制了一家加密貨幣，該公司籌集了超過十億美元，並將在政府專家表示支持內部人士的治理條款的幫助下，聲稱這是這些資金中的獅子份額。

The venture, called World Liberty, launched last fall with the goal of allowing people to access financial services using cryptocurrencies and without intermediaries like banks in what is called decentralized finance, or DeFi.

該合資企業被稱為世界自由，於去年秋天成立，目的是允許人們使用加密貨幣獲得金融服務，並且沒有像銀行這樣的中介機構在所謂的分散財務或DEFI中獲得金融服務。

But it has yet to launch a public platform and reports only a small staff, a review of the project shows.

但是，該項目的審查顯示，它尚未啟動公共平台並僅報告小型員工。

Even so, World Liberty said in mid-March it had raised $550 million selling so-called governance tokens. Most of those sales took place after Trump’s election win in November, Reuters calculations show.

即便如此，世界自由女士在3月中旬表示，它籌集了5.5億美元的出售所謂的治理令牌。路透社計算顯示，大多數銷售都是在特朗普在11月贏得勝利之後進行的。

The tokens, which go by the symbol $WLFI, give holders the right to vote on changes to the project’s underlying code and to signal their opinion on its direction and plans. They cannot be traded.

由符號$ wlfi的代幣賦予持有者對項目基礎代碼更改的投票權，並向他們對其方向和計劃的看法發出信號。他們不能交易。

As its fundraising got traction, World Liberty disclosed in January that the Trump family had taken control of the business, a review of changes in the fine print on World Liberty’s website shows. Two of its co-founders, crypto entrepreneurs Zak Folkman and Chase Herro, were replaced as the controlling parties of World Liberty by an entity in which the Trump family holds a 60% stake.

隨著籌款活動的吸引力，世界自由在一月份透露，特朗普家族已經控制了該業務，對世界自由網站上的精美印刷品的變化進行了審查。它的兩個聯合創始人，加密企業家扎克·福克曼（Zak Folkman）和蔡斯·赫羅（Chase Herro）被一個世界自由的控制黨所取代，特朗普家族擁有60％的股份的實體。

The changes have not been previously reported.

這些更改尚未報告。

Overall, the Trump family now has a claim on 75% of net revenues from token sales and 60% from World Liberty operations once the core business gets going. The arrangement means the Trump family is currently entitled to about $400 million in fees. After World Liberty's co-founders take their cut, the crypto venture will be left with 5% of the $550 million raised to date to build the platform, according to Reuters calculations.

總體而言，特朗普家族現在對代幣銷售額的75％的淨收入索賠，一旦核心業務發展，世界自由業務的60％。該安排意味著特朗普家族目前有權獲得約4億美元的費用。根據路透社的計算，世界自由聯合創始人裁員後，加密貨幣將留下迄今為止籌集的5.5億美元的5％以建立該平台。

The arrangements, including the Trump family’s large share of the project’s revenues and the non-tradeable nature of the governance tokens, make World Liberty unusually centralized for the industry, according to a survey of the practices of the five largest DeFi lending platforms and interviews with four U.S. academics who study the crypto industry.

根據對五個最大的Defi Lending平台和對研究Crypto行業的四個美國學術界的採訪的調查，包括特朗普家族在項目收入中的很大一部分以及治理令牌的不可交易性質，使世界自由派異常集中。

"It's hard for me to see any economic benefit to the owner of these tokens," said Jim Angel, an associate professor at Georgetown University who has written about DeFi regulation.

喬治敦大學副教授吉姆·安吉爾（Jim Angel）說：“我很難看到這些代幣的所有者的任何經濟利益。”

David Krause, a longtime finance professor at Marquette University in Milwaukee who recently published a study of World Liberty, said that the structure of the project “pretty much excludes public investors or token holders from any meaningful financial participation.”

密爾沃基馬奎特大學的長期財務教授戴維·克勞斯（David Krause）最近發表了一項關於世界自由的研究，他說，該項目的結構“將公共投資者或代幣持有人排除在任何有意義的財務參與之外。”

A White House spokesperson referred questions about World Liberty to the Trump Organization. The Trump Organization's chief legal officer and the president's two older sons, who are executives at the company, did not respond to requests for comment.

白宮發言人將有關世界自由的問題轉交給特朗普組織。特朗普組織的首席法律官和總統的兩個年長兒子是該公司的高管，他們沒有回應置評請求。

The Trump Organization announced in January that the president's investments, assets and business interests would be held in a trust managed by his children and he would play no role in day-to-day operations or decision-making. The family's business also retained an attorney to serve as an ethics adviser in order to "avoid any perceived conflicts of interest."

特朗普組織在一月份宣布，總統的投資，資產和商業利益將由其子女管理的信託基金會舉行，他將在日常運營或決策中不發揮作用。該家庭的業務還保留了律師作為道德顧問的律師，以“避免任何感知的利益衝突”。

Folkman and Herro did not reply to Reuters questions in person and in writing. In a post on social media platform X on March 14, World Liberty said it “is a DeFi project with a tremendous mission to build and democratize a new financial system for the benefit of millions.”

Folkman和Herro沒有親自和書面回答路透社的問題。在3月14日的社交媒體平台X上的一篇文章中，世界自由女神（World Liberty）表示，“這是一個違規項目，其使命是建立和民主化新的金融體系，以使數百萬的利益受益。”

At a conference in February, Herro said the plan was to open crypto investing to everyday Americans such as teachers, dentists and firemen. His business partner, Donald Trump Jr, the president's son, has complained about the family being excluded from traditional banking in the aftermath of his father's first term.

在2月的一次會議上，赫羅說，該計劃是向老師，牙醫和消防員等日常美國人開放加密貨幣投資。他的商業夥伴唐納德·特朗普（Donald Trump Jr）是總統的兒子，在父親的第一任期後，他抱怨這個家庭被排除在傳統銀行業務之外。

CRYPTO PRESIDENT

加密總裁

The Trump family’s involvement in World Liberty ties the personal fortunes of a sitting U.S. president to an asset class that sits at the outer edges of both risk and regulation.

特朗普家族參與世界自由的參與將美國現任總統的個人命運與處於風險和監管外部邊緣的資產類別。

Trump has promised to be the “crypto president,” who will popularize its mainstream use in America. He has said he backs crypto because it can improve the banking system and increase the dominance of the U.S. dollar.

特朗普已承諾將成為“加密總統”，他將普及其在美國的主流使用。他說他支持加密貨幣，因為它可以改善銀行體係並提高美元的統治地位。

At the same time, the Trump family, long rooted in skyscrapers and country clubs, has opened beachheads in crypto, quickly gaining hundreds of millions of dollars. A so-called meme coin promoted by Trump has generated at least $349 million in fees for entities connected to the president, according to crypto data firm Chainalysis.

同時，長期以來一直紮根於摩天大樓和鄉村俱樂部的特朗普家族在加密貨幣上開設了Beachheads，迅速獲得了數億美元。據加密數據公司鏈分析稱，特朗普推廣的所謂模因硬幣至少為與總統有關的實體產生了3.49億美元的費用。

Thomson ReutersCrypto buyers swamp Trump tokens a day after inauguration

就職典禮後的第二天

The prospect of Trump and his family benefiting from deregulation has drawn criticism from his political opponents and some government ethics experts who say it creates the potential for conflicts of interest and influence peddling.

特朗普及其家人從放鬆管制中受益的前景引起了他的政治反對者和一些政府倫理專家的批評，他們說這產生了利益衝突和影響兜售的潛力。

"You've got the guy in charge who is responsible for his own regulation," said Ross Delston, a former U.S. banking

“你有一個負責自己的監管的人，”美國前銀行業的羅斯·德爾斯頓（Ross Delston）說