唐纳德·特朗普（Donald Trump）的加密货币的价值$特朗普（Trump）从悬崖上掉下来 - 萨曼莎·斯帕塔福拉

唐纳德·特朗普（Donald Trump）的加密货币的价值是一种被称为$特朗普的模因硬币，已经从悬崖上掉下来 - 投资者损失了约120亿美元。

The value of Donald Trump’s cryptocurrency, a meme coin aptly called $TRUMP, has fallen off a cliff – and its investors have lost around $12 billion.

唐纳德·特朗普（Donald Trump）的加密货币的价值是一种被称为$特朗普的模因硬币，已经从悬崖上掉下来 - 投资者损失了约120亿美元。

This is in line with a wider crypto rout, which has seen Bitcoin dive by 20 percent since Trump’s inauguration last month. Ethereum, the second-largest cryptocurrency, fell to a 16-month low on Tuesday.

这与更广泛的加密货币溃败一致，自从特朗普上个月就职以来，比特币潜水了20％。以太坊是第二大加密货币，在周二下降到16个月的低点。

Trump launched his meme coin on January 17, and by the time he had been sworn into the Oval Office for a second time three days later, its market capitalization had skyrocketed to around $15 billion.

特朗普于1月17日推出了他的模因硬币，到三天后第二次宣誓就职时，他的市值飙升至150亿美元。

However, as ARTnews previously warned when it reported that the president had labelled $TRUMP as an “artwork” in small print on its website, meme coins often disappear as quickly as they rise in value, leaving hoodwinked investors holding the baby. At the time of writing, $TRUMP’s market cap is just $2.48 billion.

但是，正如Artnews先前警告说，总统在其网站上将$ Trump标记为“艺术品”时标记为“艺术品”，Meme Coins通常会随着价值的上升而迅速消失，而蒙蔽了婴儿的投资者。在撰写本文时，特朗普的市值仅为24.8亿美元。

Investors who had pumped money into the meme coin leading up to the inauguration were driven by speculation that the White House would take a pro-crypto approach and would create a Bitcoin strategic reserve. But analysts said the president’s perceived inaction on his pro-crypto campaign promises is driving prices down.

猜测白宫将采用亲克赖特托的方法并创建比特币战略储备的猜测，那些将钱投入到就职典礼之前的模因硬币中的投资者。但是分析人士说，总统对他的亲克莱普托竞选承诺的无所作为正在推动价格下降。

“We think that a lot of money went into crypto on the hope that Donald Trump would institutionalize crypto when he got to office,” Kathleen Brooks, an analyst at finance firm XTB, told GB News on Friday. “However, comments about crypto since Mr Trump took over the presidency have been conspicuous by their absence. This could be why investors are flooding to the exits.”

“我们认为，唐纳德·特朗普（Donald Trump）上任时能使加密货币（Crypto）制度化的货币货物赚了很多钱，”财务公司XTB分析师凯瑟琳·布鲁克斯（Kathleen Brooks）周五在周五对GB News表示。 “但是，自特朗普接任总统职位以来，对加密货币的评论显然是显而易见的。这可能就是为什么投资者涌向出口的原因。”

Trump tried to inject some nitro into the crypto markets on Sunday by announcing that his plans for a US strategic reserve were in motion. Prices rallied immediately after but have since slumped as investor optimism over the reserve faded.

特朗普周日试图向加密货币市场注入一些硝基，宣布他的美国战略储备计划正在进行中。此后，价格立即集会，但自那以后，投资者对储备的乐观情绪低落。

Analysts have also pointed the finger at escalating trade tensions as a reason for crypto’s fall, with Trump confirming on Tuesday that tariffs on Mexico, Canada, and China would come into force imminently.

分析师还指出，手指将贸易紧张局势升级为加密货币降落的原因，特朗普周二确认对墨西哥，加拿大和中国的关税将立即生效。

“Donald Trump’s aggressive trade approach has sparked concerns with investors hurtling away from riskier assets, and the huge hack of the Bybit exchange in Dubai has also rattled sentiment,” Susannah Streeter, the head of money and markets at Hargreaves Lansdown, told the Guardian. “Without any firm moves from Trump to show his support for the crypto sector, nervousness looks set to continue.”

“唐纳德·特朗普（Donald Trump）的积极贸易方法引发了人们对远离风险资产的投资者的关注，迪拜的拜比特交易所（Bybit Exchange）的巨大骇客也震撼了情绪，”哈格里夫斯·兰斯（Hargreace Lansdown）的货币和市场负责人苏珊娜·斯特雷特（Susannah Streeter）告诉《卫报》。 “没有任何坚定的人从特朗普转移到对加密货币部门的支持，紧张情绪似乎将继续下去。”

Cyber attackers stole $1.5 billion of digital assets from the Bybit exchange in February, further damaging investor confidence in crypto. The FBI has blamed North Korea.

网络攻击者于2月从Bybit Exchange偷走了15亿美元的数字资产，进一步损害了投资者对加密货币的信心。联邦调查局指责朝鲜。

Cryptocurrency or artwork?

加密货币还是艺术品？

On $TRUMP’s website in small print it reads, “TrumpMemes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol '$TRUMP' and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or investment of any type.”

在$ Trump的小印刷网站上，它写道：“特朗普旨在表达对符号“ $ trump”和相关的艺术品所体现的对理想和信念的支持和互动，并且不打算成为任何类型的投资机会，投资机会或投资的主题。”

Georg Bak, a digital art advisor and co-founder of The Digital Art Mile art fair, previously told ARTnews that attributing the coin as an artwork probably has less to do with Trump’s secret desire to be an artist than the legal protections such a declaration can afford.

数字艺术顾问兼数字艺术英里艺术博览会的联合创始人乔治·巴克（Georg Bak）此前曾告诉Artnews，将硬币作为艺术品的归因可能与特朗普秘密成为艺术家的秘密愿望有关，而不是这样的法律保护。

“Labeling [$TRUMP] as art can provide certain protections, avoid legal challenges, or redefine its purpose in ways that align with legal or regulatory frameworks,” Bak said.

巴克说：“将[$ trump]标记为艺术可以提供某些保护，避免法律挑战，或以与法律或监管框架保持一致的方式重新定义其目的。”

“One of the biggest legal challenges for cryptocurrencies and meme coins is being classified as a security under financial regulations like the Howey Test [a standard set by the US Supreme Court in 1946]. If a coin is deemed a security, it must comply with strict regulations that require registration, disclosures, and compliance measures. By declaring a meme coin as art or as a cultural product, its creators can argue that it is not an investment vehicle but a collectible or a creative expression.”

“根据Howey Test等财务法规（美国最高法院在1946年设定的标准），对加密货币和模因硬币的最大法律挑战之一是被归类为安全性的。如果将硬币视为安全性，则必须遵守需要注册，披露和合规措施的严格规定。通过将模因硬币宣布为艺术或文化产品，其创作者可以说它不是投资工具，而是一种可收藏或创造性的表达。”