美國準備擁抱數位資產產業

隨著白宮為新政府做準備，產業專家對美國對數位資產採取更友善的態度表示樂觀。

As the new administration settles into the White House, industry experts foresee a more welcoming approach towards digital assets in the United States. This shift is expected to bring greater regulatory clarity and an environment conducive to crypto innovation.

隨著新政府入主白宮，產業專家預計美國將對數位資產採取更受歡迎的態度。這一轉變預計將帶來更大的監管透明度和有利於加密貨幣創新的環境。

In an interview with BeInCrypto, Aaron Basi, head of product at IoTeX, highlighted that this new chapter in US crypto policy will serve as a catalyst for other nations to follow suit and embrace the industry.

IoTeX 產品主管 Aaron Basi 在接受 BeInCrypto 採訪時強調，美國加密貨幣政策的新篇章將成為其他國家效仿並擁抱該行業的催化劑。

The Crypto Industry Awaits Eagerly

加密產業熱切期待

As Donald Trump prepares for a second term in office, the president-elect has already taken several measures to reassure the industry that he will make the US “the crypto capital of the planet,” as he stated during his campaign trail.

在唐納德·川普為第二個任期做準備之際，這位當選總統已經採取了多項措施來安撫業界，正如他在競選期間所說，他將使美國成為「地球的加密貨幣之都」。

Those measures included several key appointments. In early December, Trump named David Sacks as the White House’s “crypto czar.” A seasoned entrepreneur and investor with over two decades of experience in Silicon Valley, Sacks is expected to bring extensive experience to this role.

這些措施包括幾項關鍵任命。 12 月初，川普任命 David Sacks 為白宮「加密貨幣沙皇」。薩克斯是一位經驗豐富的企業家和投資者，在矽谷擁有二十多年的經驗，預計將為這一職位帶來豐富的經驗。

Trump also picked Paul Atkins, a cryptocurrency advocate, to replace Gary Gensler as Chair of the Securities and Exchange Commission (SEC). Crypto advocates celebrated the move, while the market reacted with immediate gains.

川普還任命加密貨幣倡導者保羅·阿特金斯 (Paul Atkins) 接替加里·詹斯勒 (Gary Gensler) 擔任美國證券交易委員會 (SEC) 主席。加密貨幣倡導者慶祝了這一舉措，而市場則立即上漲。

To lead the Council of Economic Advisors (CEA), Trump picked Stephen Miran, a former Treasury official during his first administration. Miran, a vocal advocate for cryptocurrency, has previously called for regulatory reforms in the United States.

川普挑選了第一屆政府期間的前財政部官員史蒂芬·米蘭(Stephen Miran)來領導經濟顧問委員會(CEA)。米蘭是加密貨幣的直言不諱的倡導者，此前曾呼籲美國進行監管改革。

“For years, the US was seen as a risky place for crypto businesses due to its patchy and often contradictory regulations. But as the regulatory environment improves, it’s going to send a clear message: the US is open for crypto innovation,” Aaron Basi told BeInCrypto.

「多年來，由於其監管不完善且經常相互矛盾，美國被視為加密貨幣企業的危險之地。但隨著監管環境的改善，它將發出一個明確的訊息：美國對加密貨幣創新持開放態度。

As such, the crypto industry awaits this transition with high expectations.

因此，加密產業對這一轉變抱有很高的期望。

What a Strategic Bitcoin Reserve Could Mean for the United States

比特幣戰略儲備對美國意味著什麼

The creation of a strategic Bitcoin reserve was among Trump’s promises during the electoral process.

建立比特幣戰略儲備是川普在選舉過程中的承諾之一。

“It will be the policy of my administration…to keep 100% of all the Bitcoin the US government currently holds or acquires into the future. This will serve in effect as the core of the strategic national bitcoin stockpile…It’s been taken away from you,” Trump said at the Bitcoin 2024 conference in Nashville.

「這將是我的政府的政策……將美國政府目前持有或獲得的所有比特幣 100% 保留到未來。這實際上將成為國家比特幣戰略儲備的核心......它已從你手中奪走，」川普在納許維爾舉行的比特幣 2024 會議上表示。

Reserve supporters argue that Bitcoin, dubbed as “digital gold,” can be used to assert the United States’ financial supremacy in terms of ownership over the world’s strongest digital asset.

儲備金支持者認為，被稱為「數位黃金」的比特幣可以用來維護美國在擁有世界上最強大的數位資產方面的金融霸權。

Proponents also maintain that Bitcoin can serve as a hedge against inflation and currency devaluation. On the other hand, critics caution against the risks associated with its volatility and regulatory challenges.

支持者也認為，比特幣可以作為對沖通膨和貨幣貶值的工具。另一方面，批評者警告其波動性和監管挑戰帶來的風險。

Once thought unattainable under Gary Gensler, the idea of a Bitcoin reserve under a Trump presidency isn’t as far-fetched. But it also raises concerns, said Basi.

在蓋瑞‧詹斯勒 (Gary Gensler) 的領導下，比特幣儲備一度被認為是不可能實現的，但在川普擔任總統期間，比特幣儲備的想法卻不那麼牽強。但巴西表示，這也引發了擔憂。

“The impact on the market would be massive. First, it would drive up institutional adoption even further as companies and countries scramble to follow the US’s lead. The move would likely reduce Bitcoin’s availability on the open market, potentially leading to price surges due to increased scarcity. On the flip side, it could introduce concerns over government control of Bitcoin and how this aligns with its decentralized ethos. People might wonder: is Bitcoin truly “of the people” if it’s sitting in government vaults?” he said.

「這對市場的影響將是巨大的。首先，隨著企業和國家競相追隨美國的領導，它將進一步推動機構採用。此舉可能會減少比特幣在公開市場上的可用性，並可能因稀缺性增加而導致價格飆升。另一方面，它可能會引發人們對政府對比特幣的控制以及這如何與其去中心化精神一致的擔憂。人們可能會想：如果比特幣存放在政府金庫中，它真的是“人民的”嗎？他說。

Certain lawmakers have already introduced legislation to create state-backed Bitcoin reserves. However, how quickly Trump can enact that change at the federal level remains uncertain.

某些立法者已經提出立法來建立國家支持的比特幣儲備。然而，川普能多快在聯邦層級實施這項變革仍不確定。

Concerns over the Centralization of Bitcoin

對比特幣中心化的擔憂

Talks of creating a strategic Bitcoin reserve spark debates concerning Bitcoin’s inherent decentralized nature and whether or not it will remain compatible under government adoption.

關於建立比特幣戰略儲備的討論引發了有關比特幣固有的去中心化性質以及它是否會在政府採用下保持相容的爭論。

“This is a tricky one. On one hand, increased institutional adoption is a good thing—it brings more stability, liquidity, and legitimacy to the market. On the other hand, it does raise concerns about centralization. When large institutions or governments hold massive amounts of Bitcoin, they gain a lot of influence over the market, which could go against Bitcoin’s decentralized ethos,” Basi said.

“這是一個棘手的問題。一方面，機構採用率的提高是一件好事——它為市場帶來了更多的穩定性、流動性和合法性。另一方面，它確實引起了人們對中心化的擔憂。當大型機構或政府持有大量比特幣時，他們會對市場產生很大的影響力，這可能違背比特幣的去中心化精神，」巴西說。

If a government adopts Bitcoin as a reserve asset, a series of scenarios could play out. Bitcoin’s value could become pegged to other existing assets, such as the US dollar or gold.

如果政府採用比特幣作為儲備資產，可能會出現一系列情況。比特幣的價值可能會與其他現有資產掛鉤，例如美元或黃金。

This potential interdependency could limit Bitcoin’s ability to function as a truly decentralized asset. Central authorities could also manipulate Bitcoin by controlling its supply and demand to achieve specific macroeconomic objectives.

這種潛在的相互依賴可能會限制比特幣作為真正去中心化資產的能力。中央當局還可以透過控制比特幣的供應和需求來操縱比特幣，以實現特定的宏觀經濟目標。

What would remain unmanipulatable, however, is Bitcoin’s network itself.

然而，仍然無法操縱的是比特幣網路本身。

“The protocol, mining distribution, and community governance are all designed to prevent any single entity from taking control. The real risk is more about perception and access. If too much Bitcoin is locked up by institutions, it could limit opportunities for retail investors and smaller players to participate meaningfully. The challenge will be finding a balance—welcoming institutional interest while ensuring that Bitcoin remains accessible to everyone,” Basi told BeInCrypto.

「協議、挖礦分配和社區治理都是為了防止任何單一實體控制。真正的風險更多的是關於感知和訪問。如果過多的比特幣被機構鎖定，可能會限制散戶投資者和小型參與者有意義地參與的機會。挑戰將是找到一個平衡點——歡迎機構利益，同時確保每個人都可以使用比特幣。

While institutional adoption brings stability and legitimacy to Bitcoin, it also raises concerns about centralization. This, in turn, highlights the need for a responsible

雖然機構採用為比特幣帶來了穩定性和合法性，但它也引發了人們對中心化的擔憂。這反過來又凸顯了需要一個負責任的