各州潜入加密货币，提高了国家比特币储备的前景

美国几乎一半的州政府要么正在将其一些钱投入加密货币

Nearly half of the state governments in the U.S. are either investing — or considering to invest — a portion of their funds in crypto. This surge in interest from state governments in tying their financial futures to the digital-assets markets comes largely after U.S. President Donald Trump showed support for a national stockpile of digital assets.

在美国，近一半的州政府要么在投资或考虑投资其一部分资金到加密货币。在美国总统唐纳德·特朗普（Donald Trump）向全国数字资产库存的支持之后，州政府将其金融期货与数字资产市场联系起来的兴趣激增。

In the recent surge of crypto legislative or financial efforts at the state level, 21 states are investing or looking into investing — generally in the industry's leading token, bitcoin (BTC), and sometimes also in less volatile stablecoins that are designed to match the value of the U.S. dollar, according to a CoinDesk analysis.

在州一级的加密立法或财务努力的最新激增中，有21个州正在投资或寻求投资 - 通常在行业领先的代币，比特币（BTC）中，有时也以较小的挥发性稳定性稳定性，旨在符合该价值根据Coindesk的分析，美元。

With states such as Arizona, Pennsylvania, Utah and Texas already digging into legislation to open public funds to buy cryptocurrencies, such initiatives may outpace the effort in Congress targeting a so-called Strategic Bitcoin R

随着亚利桑那州，宾夕法尼亚州，犹他州和德克萨斯州等州已经挖掘立法以开放公共资金购买加密货币，此类举措可能会超过针对所谓战略比特币的国会努力

Sixteen state legislatures are looking at bills to either establish digital assets stockpiles or to allow their state retirement funds to be partially invested in crypto, most of them introduced in recent weeks. Officials in another three states are engaged in serious discussions about joining in, and the money managers for two states — Michigan and Wisconsin — have already dipped parts of their public employees' retirement portfolios into crypto exchange-traded funds (ETFs).

16个州立法机关正在考虑建立数字资产库存或允许其州退休资金部分投资于加密货币的法案，其中大多数是在最近几周引入的。另外三个州的官员正在认真讨论加入，密歇根州和威斯康星州的两个州的货币经理已经将部分公共雇员的退休投资组合浸入了加密货币交易所交易贸易资金（ETFS）中。

If the states begin pouring portions of their public funds into bitcoin and other digital assets, it would potentially lock down billions of dollars of the tokens for extended periods, boosting the value of the assets still openly circulating. Another effect: The states are potentially setting up millions of people to have personal stakes in the health of the crypto sector — whether they want to or not.

如果各州开始将部分公共资金投入比特币和其他数字资产，则可能会在长时间锁定数十亿美元的代币，从而提高仍在公开流通的资产的价值。另一个效果：各州有可能建立数百万人在加密货币部门的健康方面拥有个人利益 - 无论他们是否愿意。

In several of the proposals, governments are looking to follow in the footsteps of Michigan and Wisconsin in pushing parts of their retirement funds and state pension investments into digital assets. Retired school teachers, law enforcement officers and other public employees will watch some of their financial security become dependent on the fluctuations of the crypto markets.

在一些建议中，政府希望遵循密歇根州和威斯康星州的脚步，将部分退休金和国家养老金投资推向数字资产。退休的学校教师，执法人员和其他公共雇员将观察他们的一些财务保障会取决于加密市场的波动。

Other pieces of legislation would instruct state treasurers to spend as much as 10% of their public funds on a strategic reserve, with some specifying that qualifying digital assets must have at least a $500 billion market cap, leaving only bitcoin currently meeting the mark.

其他立法将指示州财务主管将其多达10％的公共资金用于战略储备，其中一些指定合格的数字资产必须至少具有5000亿美元的市值，而目前只有比特币符合该商标。

Arizona and Utah are building a lead after getting their efforts passed by legislative committees, but other states weighing some version of a crypto bill also include Illinois, Indiana, Kansas, Massachusetts, Missouri, Montana, New Hampshire, North Dakota, Ohio, Oklahoma, South Dakota and Wyoming. Others, such as Alabama, Florida and Kentucky are considering proposals from state officials or on the verge of pursuing legislation. The states interested in digital assets reserves are predominantly Republican-majority in their politics, and the reasons the lawmakers say they're backing the bills include investment diversity and embracing technological innovation.

亚利桑那州和犹他州在立法委员会通过努力后正在建立领先地位，但是其他权衡某种版本的加密法案的州还包括伊利诺伊州，印第安纳州，堪萨斯州，马萨诸塞州，马萨诸塞州，密苏里州，蒙大拿州，新罕布什尔州，北达科他州，北达科他州，俄亥俄州，俄亥俄州，俄克拉荷马州，俄克拉荷马州，，，俄克拉荷马州，，，俄克拉荷马州，，，，南达科他州和怀俄明州。其他人，例如阿拉巴马州，佛罗里达州和肯塔基州，正在考虑来自州官员的建议，或者正处于追求立法的边缘。对数字资产储备有兴趣的各州在政治上主要是共和党多数，而立法者说，他们支持法案的原因包括投资多样性和拥抱技术创新。

The amount put away by the states could eventually be overshadowed by the U.S. government's own reserve, if that effort comes to pass. President Trump, in his wider executive order on U.S. crypto policy, called for his administration to "evaluate the potential creation and maintenance of a national digital asset stockpile." The order suggested it may be built from government seizures of crypto in criminal cases.

如果这项努力实现的话，美国政府自己的储备金最终可能会被美国政府自己的储备所掩盖。特朗普总统在对美国加密政策的更广泛的行政命令中呼吁他的政府“评估国家数字资产的潜在创建和维护”。该命令建议它可以是由政府在刑事案件中对加密货币的扣押而建造的。

The idea had initially been pitched by Senator Cynthia Lummis, the Wyoming Republican who devotes much of her political bandwidth to supporting crypto and was named as the first chair of the Senate Banking Committee's digital assets subcommittee. Her bill to set up a U.S. reserve calls for the country to obtain about $20 billion worth of the tokens in the first year and to get another 200,000 in each of the next four years, until the U.S. is eventually holding a million bitcoin.

这个想法最初是由怀俄明州共和党参议员辛西娅·卢米斯（Cynthia Lummis）提出的，她将大部分政治带宽致力于支持加密货币，并被任命为参议院银行委员会数字资产小组委员会的第一任主席。她建立美国预备役的法案要求该国在第一年获得价值约200亿美元的代币，并在未来四年中再获得200,000美元，直到美国最终持有一百万个比特币。

While Lummis' pitch has called it a "Strategic Bitcoin Reserve," it's not — like the petroleum reserve — designed for deployment when economic conditions warrant it. It's structured more as a long-term investment, requiring the U.S. to hold the assets for at least 20 years.

尽管卢米斯（Lummis）的音调称其为“战略比特币储备”，但它并不像石油储备一样 - 在经济状况保证时专为部署而设计。它的结构更多作为长期投资，要求美国至少将资产持有20年。

That would be almost 5% of the eventual, finite supply of global bitcoin going untouched for at least two decades. Combined with whatever the states seek to stockpile, U.S. governments would secure a significant percentage of the asset, in addition to the towering reserves held by the U.S. ETF issuers such as BlackRock and Grayscale and corporate investors led by MicroStrategy.

这将是至少二十年来最终有限的全球比特币供应的5％。除了各州寻求库存的任何东西外，美国政府还将获得大部分资产的资产，除了美国ETF发行人（例如贝莱德和灰岩）和Microstrate牵头的公司投资者等高耸的储备。

The states' interest in bitcoin potentially lands Satoshi Nakamoto's ultimate exercise of financial outsiders firmly in the realm of the insiders, adding the asset to the core functions of government. The Bitcoin white paper meant to establish a system of transactions outside of the need of financial-firm intermediaries or government oversight.

各州对比特币的兴趣潜在地降落在纳卡本（Satoshi Nakamoto）对内部人士领域中的最终行使金融局外人的最终行使，并将资产增加到政府的核心职能中。比特币白皮书旨在在需要金融公司中介机构或政府监督的需要之外建立交易体系。

States setting up bitcoin funds managed in part by new laws could become some of the most stable of the industry's institutional investors. And naming bitcoin as a "strategic reserve" puts the digital tokens on par with gold and oil as economic mainstays, despite the very different nature of crypto

国家建立比特币基金部分由新法律管理的，可能会成为该行业机构投资者中最稳定的一些。尽管Crypto的性质截然不同