唐纳德·特朗普当选美国总统：这对加密货币行业意味着什么

就在几个月前，唐纳德·特朗普在比特币 2024 年会议上发表演讲时承诺，他希望让美国成为“世界加密货币之都”

Donald Trump has made several promises that could have a significant impact on the crypto industry. Here are three of the most important ones, along with their potential implications.

唐纳德·特朗普做出了几项可能对加密行业产生重大影响的承诺。以下是其中三个最重要的问题及其潜在影响。

1. U.S. Strategic Bitcoin Reserve

1.美国比特币战略储备

Perhaps the most ambitious and consequential policy promise to date were the plans to create a Strategic Bitcoin Reserve in the U.S., unveiled at the Nashville Bitcoin Conference in July. The bill was co-sponsored by Senator Cynthia Lummis, who reiterated her support for the bill on Fox News the day after the election results were announced.

也许迄今为止最雄心勃勃、最重要的政策承诺是在 7 月份的纳什维尔比特币会议上公布的在美国建立战略比特币储备的计划。该法案由参议员辛西娅·卢米斯 (Cynthia Lummis) 共同发起，她在选举结果公布的第二天在福克斯新闻上重申了对该法案的支持。

The implications from this are that the U.S. would be investing in bitcoin as part of its reserves, cementing its status as a reserve asset in the world’s largest central bank. This would have serious ramifications in terms of Bitcoin’s perception. While investment advisors such as Vanguard have opted not to support Bitcoin-related ETFs or products to date, investors could rightfully start asking why something that’s good enough for the U.S. government to own is not good enough for their portfolios.

这意味着美国将投资比特币作为其储备的一部分，巩固其作为全球最大央行储备资产的地位。这将对比特币的看法产生严重影响。虽然先锋等投资顾问迄今为止选择不支持比特币相关的 ETF 或产品，但投资者可以合理地开始问，为什么美国政府可以拥有的东西对他们的投资组合来说还不够好。

Should Trump’s administration follow through with this promise, the entire ecosystem of companies that support Bitcoin infrastructure could stand to benefit, driving volumes and price. Bitcoin made a new all-time high as election results confirmed a Trump victory, and closed the day +9%.

如果特朗普政府兑现这一承诺，支持比特币基础设施的整个公司生态系统都可能受益，从而推动交易量和价格。随着选举结果证实特朗普获胜，比特币创下历史新高，当天收盘上涨 9%。

2. Support For The U.S. Bitcoin Mining Industry And DeFi

2. 对美国比特币挖矿业和 DeFi 的支持

During his speech in Nashville this past July, Trump stated “If crypto is going to define the future, I want it to be mined, minted and made in the USA”. As part of the event, Trump met with top executives in some of the largest publicly traded bitcoin mining firms in North America. It’s key for U.S. miners to have a supportive regulatory framework, as they compete for power capacity with other industries, and like AI data centers, as well as other players on the city grids.

今年 7 月，特朗普在纳什维尔发表演讲时表示，“如果加密货币将定义未来，我希望它在美国开采、铸造和制造”。作为活动的一部分，特朗普会见了北美一些最大的上市比特币挖矿公司的高管。对于美国矿商来说，拥有一个支持性的监管框架至关重要，因为他们与其他行业（例如人工智能数据中心）以及城市电网上的其他参与者争夺电力容量。

The Valkyrie WAGMI Bitcoin miners ETF was up +17.79% the day after Trump’s victory was announced. If he keeps his promise, U.S.-based Bitcoin miners could stand to benefit. In the same Nashville speech back in July, Trump promised to fire Securities And Exchange Commissioner Gary Gensler, with the goal of moving the SEC to a friendlier stance towards the industry.

在特朗普宣布获胜的第二天，Valkyrie WAGMI 比特币矿工 ETF 上涨了 17.79%。如果他信守承诺，美国的比特币矿商可能会受益。在 7 月份的纳什维尔演讲中，特朗普承诺解雇证券交易委员会委员加里·詹斯勒 (Gary Gensler)，目的是让 SEC 对该行业采取更友好的立场。

Companies that have a long standing history of legal battles with the SEC like Coinbase (+31.11%) soared on the news, and so did many of the most popular assets on its platform, like Dogecoin (+15.63%) and Solana (+12.07%). More regulatory clarity could benefit centralized and decentralized financial service providers, token issuers and exchanges.

Coinbase (+31.11%) 等与 SEC 有着长期法律纠纷历史的公司股价在这一消息后飙升，其平台上许多最受欢迎的资产也是如此，例如 Dogecoin (+15.63%) 和 Solana (+12.07) %）。更加明确的监管可能有利于中心化和去中心化的金融服务提供商、代币发行商和交易所。

3. Trump World Launches DeFi Project, World Liberty Financial

3. 特朗普世界推出 DeFi 项目 World Liberty Financial

Interestingly, Trump also showed support for crypto projects. Just a few weeks ago, a decentralized finance (DeFi) project called World Liberty Financial was launched with the goal of raising $1 B for Trump’s 2024 campaign. The token sale was only available to U.S. accredited investors, and foreign investors due to regulatory restrictions. So far, they have sold 1.02 B tokens from their projected 20 B sale. This makes Trump acutely aware of how regulation impacts the industry.

有趣的是，特朗普也表现出了对加密项目的支持。就在几周前，一个名为 World Liberty Financial 的去中心化金融 (DeFi) 项目启动，目标是为特朗普 2024 年竞选筹集 10 亿美元。由于监管限制，代币销售仅适用于美国认可投资者和外国投资者。到目前为止，他们已经售出 1.02 B 代币，预计销售量为 20 B。这让特朗普敏锐地意识到监管如何影响该行业。

It remains to be seen whether or not Trump will keep these promises. Some of them, like pardoning Ulbricht, will require less political coordination than others, and could serve as an early indication of his administration’s priorities.

特朗普是否会信守这些承诺还有待观察。其中一些方案，例如赦免乌布利希，需要的政治协调比其他方案要少，并且可以作为其政府优先事项的早期迹象。