比特币储备：德克萨斯州、宾夕法尼亚州和俄亥俄州带头，各州正在考虑储存比特币

当特朗普和他的盟友考虑建立国家比特币储备的可能性时，一些州正在推进自己的比特币储备计划。

As Donald Trump and his allies contemplate the prospect of a national Bitcoin reserve, several states are forging ahead with their own plans to stack sats. Here’s a closer look at the states leading the charge.

当唐纳德·特朗普和他的盟友考虑建立国家比特币储备的前景时，几个州正在推进自己的比特币储备计划。以下是对领先国家的详细了解。

Texas: The Lone Star State Goes Lone Wolf on BTC

德克萨斯州：孤星之州在比特币上孤军奋战

Everything is bigger in Texas, and that might soon include its Bitcoin reserves. State Representative Giovanni Capriglione has introduced a bill that would establish a Bitcoin stockpile for Texas, requiring the cryptocurrency to be held in secure cold storage for at least five years. The legislation prohibits the Bitcoin from being used in transactions outside Texas, underscoring its role as a long-term asset rather than a transactional currency.

德克萨斯州的一切都变得更大，这可能很快包括其比特币储备。州众议员乔瓦尼·卡普里廖内 (Giovanni Capriglione) 提出了一项法案，将为德克萨斯州建立比特币库存，要求将加密货币保存在安全的冷库中至少五年。该立法禁止比特币在德克萨斯州以外的交易中使用，强调了其作为长期资产而不是交易货币的作用。

The proposed legislation positions Texas to establish a Bitcoin reserve, securely stored in cold wallets—offline solutions praised for their resilience against cyberattacks. This reserve would remain untouched for at least five years, ensuring a long-term strategic approach. Texans would also have the option to contribute voluntarily to the fund, signaling a deeper integration of Bitcoin into the state’s financial framework.

拟议的立法要求德克萨斯州建立比特币储备，安全地存储在冷钱包中——离线解决方案因其抵御网络攻击的能力而受到称赞。该储备将至少在五年内保持不变，以确保长期战略方针。德克萨斯人还可以选择自愿向该基金捐款，这标志着比特币更深入地融入该州的金融框架。

The bill emphasizes that creating a Bitcoin reserve aligns with Texas’s goals of championing digital innovation and bolstering financial security for its residents. It explicitly prohibits the use of the reserve for transactions with foreign entities or individuals engaged in illicit activities, ensuring compliance with regulatory standards and focusing on domestic benefits.

该法案强调，创建比特币储备符合德克萨斯州倡导数字创新和增强居民财务安全的目标。它明确禁止使用储备金与从事非法活动的外国实体或个人进行交易，确保遵守监管标准并注重国内利益。

Inflation Defense and Financial Stability

通胀防御和金融稳定

At a live Spaces event, Representative Giovanni Capriglione outlined the rationale behind the bill, highlighting Bitcoin’s potential as a hedge against inflation. “Inflation is probably the biggest enemy of our investments,” Capriglione stated, explaining that the concept of a Bitcoin reserve had been in development for some time.

在现场 Spaces 活动中，代表乔瓦尼·卡普里廖内 (Giovanni Capriglione) 概述了该法案背后的基本原理，强调了比特币作为对冲通胀的潜力。卡普里廖内表示：“通货膨胀可能是我们投资的最大敌人。”他解释说，比特币储备的概念已经发展了一段时间。

Since its inception in 2009 as a decentralized payment system, Bitcoin has evolved into a recognized store-of-value asset, often compared to gold. Advocates argue that its fixed supply offers a robust defense against inflation. This sentiment has gained mainstream traction, with even President-elect Donald Trump urging Americans to hold onto Bitcoin, reflecting a growing trend of incorporating cryptocurrency into financial planning.

自 2009 年作为一种去中心化支付系统诞生以来，比特币已发展成为一种公认的价值储存资产，通常可与黄金相比。支持者认为，其固定供应量可以有效抵御通货膨胀。这种情绪已经获得主流关注，就连当选总统唐纳德·特朗普也敦促美国人持有比特币，这反映出将加密货币纳入财务规划的趋势日益增长。

Texas at the Forefront of Bitcoin Adoption

德克萨斯州处于比特币采用的最前沿

Texas has emerged as a hotspot for Bitcoin activity, with its affordable energy prices and government-backed initiatives designed to stabilize the power grid attracting a wave of cryptocurrency miners. Establishing a Bitcoin reserve would reinforce the state’s reputation as a leader in blockchain technology and innovation.

德克萨斯州已成为比特币活动的热点，其实惠的能源价格和政府支持的旨在稳定电网的举措吸引了一波加密货币矿工。建立比特币储备将巩固该州作为区块链技术和创新领导者的声誉。

On a national level, the idea of a Bitcoin reserve is gaining momentum. Earlier this year, Senator Cynthia Lummis of Wyoming, often referred to as the “Bitcoin Senator,” introduced a proposal for a federal Bitcoin reserve. The U.S. government already holds a significant Bitcoin stockpile—over 198,000 BTC, valued at more than $20 billion—seized from criminal activity, according to data from Arkham Intelligence.

在国家层面上，比特币储备的想法正在兴起。今年早些时候，通常被称为“比特币参议员”的怀俄明州参议员辛西娅·鲁米斯 (Cynthia Lummis) 提出了一项联邦比特币储备提案。根据 Arkham Intelligence 的数据，美国政府已经持有大量从犯罪活动中查获的比特币库存——超过 198,000 比特币，价值超过 200 亿美元。

Capriglione noted a surge in Bitcoin and blockchain enthusiasm following Trump’s pro-crypto campaign and election victory. “Since November, interest in Bitcoin reserves and blockchain technology has been growing among legislators,” he remarked. “That’s encouraging because these are issues that resonate with constituents.”

Capriglione 指出，在特朗普支持加密货币的竞选活动和选举胜利之后，比特币和区块链的热情激增。 “自 11 月以来，立法者对比特币储备和区块链技术的兴趣一直在增长，”他表示。 “这令人鼓舞，因为这些问题引起了选民的共鸣。”

Pennsylvania: A Rainy Day Fund for the Future

宾夕法尼亚州：未来的雨天基金

Pennsylvania is also eyeing Bitcoin as a hedge against inflation and economic uncertainty. A bill proposed in November would allow the state Treasurer to allocate up to 10% of three key state funds—the State General Fund, Rainy Day Fund, and State Investment Fund—into Bitcoin.

宾夕法尼亚州也将比特币视为对冲通胀和经济不确定性的工具。 11 月份提出的一项法案将允许州财政部长将州普通基金、雨天基金和州投资基金这三个主要州基金中最多 10% 的资金分配给比特币。

If enacted, this could amount to nearly $1 billion worth of Bitcoin purchases. Proponents argue that Bitcoin’s long-term appreciation could help Pennsylvania safeguard its assets. “Bitcoin can help Pennsylvania keep pace with inflation and economic change,” lawmakers wrote in a memo supporting the bill.

如果颁布，比特币购买量可能达到近 10 亿美元。支持者认为，比特币的长期升值可以帮助宾夕法尼亚州保护其资产。 “比特币可以帮助宾夕法尼亚州跟上通货膨胀和经济变革的步伐，”立法者在支持该法案的备忘录中写道。

Pennsylvania Advances Bitcoin Rights

宾夕法尼亚州推进比特币权利

Pennsylvania has taken a bold step toward regulatory clarity for digital assets, positioning itself as a leader among states embracing cryptocurrency. In November, the state’s House of Representatives passed House Bill 2481, known as the “Bitcoin Rights Bill,” with an overwhelming bipartisan majority—176 votes in favor to 26 against.

宾夕法尼亚州在数字资产监管清晰度方面迈出了大胆的一步，将自己定位为拥抱加密货币的州中的领导者。 11 月，该州众议院以 176 票赞成、26 票反对的压倒性两党多数通过了众议院法案 2481，即“比特币权利法案”。

The legislation solidifies key rights for Pennsylvanians, including the ability to self-custody digital assets, recognition of Bitcoin as a legal form of payment, and clearly defined tax guidelines for Bitcoin transactions. This landmark bill signals Pennsylvania’s intent to foster innovation and protect its residents in the rapidly evolving crypto space.

该立法巩固了宾夕法尼亚州人的关键权利，包括自我托管数字资产的能力、承认比特币作为合法支付形式以及明确规定比特币交易的税收准则。这项具有里程碑意义的法案标志着宾夕法尼亚州有意在快速发展的加密货币领域促进创新并保护其居民。

As federal agencies like the SEC and CFTC remain gridlocked over how to regulate the $2 trillion digital asset market, Pennsylvania’s move provides a blueprint for other states. Regulatory ambiguity at the national level continues to hinder broader crypto adoption, leaving states to address these gaps. Pennsylvania’s proactive approach reflects a growing trend of state-led innovation in the absence of federal action.

由于 SEC 和 CFTC 等联邦机构在如何监管 2 万亿美元的数字资产市场方面仍陷入僵局，宾夕法尼亚州的此举为其他州提供了蓝图。国家层面的监管模糊性继续阻碍更广泛的加密货币采用，使各州必须解决这些差距。宾夕法尼亚州的积极主动的做法反映了在联邦政府不采取行动的情况下由州主导的创新日益增长的趋势。

The Role of the Satoshi Action Fund

中本聪行动基金的作用

The Satoshi Action Fund (SAF), a leading Bitcoin advocacy group, played a critical role in shaping the Bitcoin Rights Bill. SAF has been instrumental in advancing similar legislation across the U.S., with laws already enacted in Oklahoma, Louisiana, Montana, and Arkansas

中本聪行动基金（SAF）是一个领先的比特币倡导组织，在制定比特币权利法案方面发挥了关键作用。 SAF 在推动美国各地的类似立法方面发挥了重要作用，俄克拉荷马州、路易斯安那州、蒙大拿州和阿肯色州已经颁布了法律