（彭博社） - 仅在三年前，臭名昭著的加密货币亿万富翁与金融机构的泰坦之间的争议成为了关注的中心

FTX创始人Sam Bankman Fried和Terry Duffy之间的灰尘是美国最大的期货和期权交易所的Terry Duffy，这是华尔街怀疑的象征

It was only three years ago that a spat between an infamous crypto billionaire and a titan of the financial establishment was the main topic of conversation at an annual event known as the Davos of the derivatives market.

仅在三年前，臭名昭著的加密货币亿万富翁与金融机构的泰坦之间的争吵是在称为衍生品市场的达沃斯（Davos）的年度活动中的主要话题。

The dust up between FTX founder Sam Bankman-Fried and Terry Duffy, the boss of the US’s largest futures and options exchange, was emblematic of Wall Street’s skepticism then about a new generation promoting digital assets and the crypto bigwig’s plans to change the way derivatives trade.

FTX创始人Sam Bankman Fried和Terry Duffy之间的灰尘是美国最大的期货和期权交易所的Terry Duffy，这象征着华尔街的怀疑论者，然后是关于促进数字资产的新一代以及Crypto Bigwig的计划改变衍生品贸易的计划。

But that was then. This year, as executives from the world’s largest exchanges and trading firms prepared to head to the Futures Industry Conference in the crypto hotbed of Florida, President Donald Trump announced he was creating a strategic Bitcoin reserve — a move that’s symbolic, but one that effectively entrenches the legitimacy of digital assets as mainstream financial instruments.

但是那是。今年，正如全球最大的交易所和贸易公司的高管准备前往佛罗里达州的加密货币床上的期货行业会议一样，唐纳德·特朗普总统宣布，他正在创建一个战略性的比特币储备，这是象征性的，但有效地将数字资产作为Mamentream Financial Instruments的合法性。

For Wall Street firms that had only dipped their toes in the crypto space, the next four years present an opportunity to make inroads in an industry that’s swiftly gained momentum amid the Trump administration’s. On Thursday, Bloomberg News reported that World Liberty Financial Inc., one of the Trump family’s crypto ventures, has discussed doing business with the world’s largest digital-asset exchange, Binance Holdings Ltd.

对于仅在加密货币领域浸入脚趾的华尔街公司来说，接下来的四年有机会在特朗普政府的行业中迅速获得势头的行业。彭博新闻（Bloomberg News）周四报道说，特朗普家族的Crypto Ventures之一世界自由金融公司（World Liberty Financial Inc.）讨论了与世界上最大的数字资产交易所Binance Holdings Ltd.开展业务。

That shift in sentiment was on full display at the conference, held at The Boca Raton hotel, where traditional finance executives this week rubbed shoulders with those in the crypto industry. One noticeable difference: This time, almost everyone was in suits, or at least a collared shirt; gone were the shorts-and-t-shirt uniforms so ubiquitous among the crypto crowd in times past.

在Boca Raton Hotel举行的会议上，这种情绪的转变在会议上充分展示，本周传统的金融高管在那里与加密货币行业的那些人摩擦了肩膀。一个明显的区别：这次，几乎每个人都穿着西装，或者至少一件衣领衬衫；过去，短裤和T恤制服在过去的时代中无处不在。

The entertainment also skewed older. The 1970s hitmakers Cheap Trick blasted their tunes for the likes of New York Stock Exchange President Lynn Martin and DRW Holdings founder Don Wilson.

娱乐也偏向年龄。 1970年代的Hitmakers Cheap Trick为纽约证券交易所总裁Lynn Martin和DRW Holdings创始人Don Wilson等人爆炸了他们的曲调。

“Crypto is back,” Catherine Clay, head of derivatives at Chicago-based options powerhouse Cboe Global Markets, said in an interview. “We definitely have seen the re-emergence of the crypto theme back at Boca after a few years of it being pretty much absent.”

总部位于芝加哥的Powerhouse CBOE Global Markets的衍生产品负责人Catherine Clay说：“加密货币又回来了。” “几年后，我们肯定已经看到了Boca的加密货币主题的重新出现。”

Trump pledged to make the US the “crypto capital of the planet” during his campaign, and since taking office has worked to make good on his promises. He issued an executive order on digital assets and his top securities regulator has started a task force on crypto headed by Hester Peirce, a longtime advocate for the industry.

特朗普承诺在竞选期间将美国成为“地球的加密首都”，自从上任以来，他一直在努力兑现他的诺言。他发布了有关数字资产的行政命令，他的顶级证券监管机构已成立了由该行业的长期倡导者Hester Peirce领导的Crypto工作组。

All of that is giving Wall Street confidence. Ken Griffin’s Citadel Securities, previously conservative in its approach to digital assets, is now looking to get more involved as a liquidity provider for cryptocurrencies. CME Group Inc. is expanding by launching Solana futures after overtaking Binance as the world’s largest Bitcoin derivatives exchange. Intercontinental Exchange Inc., which had stayed away, sees opportunities to step in and compete with rival CME, according to people familiar with the matter.

所有这些都给了华尔街的信心。肯·格里芬（Ken Griffin）的城堡证券（Citadel Securities）以前是其数字资产方法的保守派，现在希望更多地参与加密货币的流动性提供商。 CME Group Inc.在超过了Binance作为世界上最大的比特币衍生品交易所后推出Solana Futures的扩展。据熟悉此事的人们说，已经远离的洲际交易所有机会与竞争对手CME竞争。

Even exchanges abroad are jumping on the bandwagon. At the conference, the Singapore Exchange Ltd., or SGX, announced plans to list Bitcoin perpetual futures in the second half of the year. The company said its first digital asset contract will strictly target institutional clients.

即使是国外的交流也在潮流上。在会议上，新加坡交易所有限公司（SGX）宣布了下半年列出比特币永久期货的计划。该公司表示，其第一份数字资产合同将严格针对机构客户。

“By the end of the year, there will be a lot more firms charging into crypto,” said Jeanine Hightower-Sellitto, chief commercial and strategy officer at EDX Markets LLC, a digital-asset firm backed by Citadel Securities. “There’s been a substantial shift in the past two and a half month, ever since inauguration day.”

由Citadel Securities支持的数字资助公司EDX Markets LLC首席商业和战略官Jeanine Hightower-Sellitto说：“到年底，将有更多的公司收取加密货币。” “自就职日以来，在过去两个半月中，发生了很大的转变。”

For Wall Street, this year’s event also brought a reckoning: the blockchain that created and electronically-stored cryptocurrencies will be key to the shift to trading US stocks 24 hours a day, seven days a week.

对于华尔街，今年的活动还带来了一个估算：创建和电子存储的加密货币的区块链将是每周七天每天24小时转移美国股票的关键。

“There was a previous year where there was a lot of hype around crypto,” said DRW’s Wilson, who also co-founded crypto firm Digital Asset. “But this year there is a recognition that using blockchain is actually going to be an important part of how we move to 24-7 trading.”

DRW的威尔逊（Wilson）说：“前一年，周围有很多炒作。”他还共同创立了加密公司数字资产。 “但是今年人们认识到，使用区块链实际上将成为我们转向24-7交易的重要组成部分。”

Crypto fell out of favor after Bankman-Fried was convicted of fraud following his firm’s collapse in 2022. His FTX exchange had sponsored a late-night cocktail party by the beach in Boca that year, offered branded swag from its mega-booth in the exhibition hall, and hosted a fireside chat with baseball star turned business man Alex Rodriquez. Because he was throwing money around, everyone from US regulators to politicians and even Tom Brady were willing to listen.

加密货币在2022年倒闭后被判犯有欺诈罪后，加密货币脱颖而出。他的FTX交易所于当年在Boca的海滩上赞助了一场深夜的鸡尾酒会，在展览厅的大型摊位上提供了品牌的赃物，并在展览厅提供了品牌的赃物，并与棒球之星Alex Rodrique alex Rodrique Z主持了一场与Bassball Star to and Basside Chats Alex Rodrique Z Alex Rodriquez。因为他在扔钱，所以从美国监管机构到政客，甚至汤姆·布雷迪都愿意听的每个人。

Not Duffy. The long-time head of CME, who started his career in the trading pits of Chicago in the 1980s, wasn’t buying Bankman-Fried’s ambitious plans. FTX wanted to handle every aspect of customers’ crypto derivatives needs on its own, using algorithms rather than brokers to help clear trades.

不是达菲。 CME的长期负责人在1980年代开始在芝加哥的交易坑中开始职业生涯，并没有购买Bankman Fried的雄心勃勃的计划。 FTX希望使用算法而不是经纪人自行处理客户加密衍生物需求的各个方面，以帮助清除交易。

“I listed crypto at CME in 2017, that’s long before I even knew who Sam Bankman-Fried was,”

“我在2017年在CME列出了加密货币，这很早就知道Sam Bankman Fried是谁。”