美国总统唐纳德·特朗普（Donald Trump

该命令概述了“国家数字资产库存”的形成，该命令提出了有关美国是否打算进行的问题

United States President Donald Trump issued the first-ever executive order on cryptocurrencies on Thursday, January 23. The order outlines the formation of a “national digital asset stockpile,” prompting questions on whether the United States intends to actively purchase Bitcoin (BTC) or merely incorporate confiscated BTC into a reserve. Additionally, the scope regarding the inclusion of altcoins in this stockpile remains uncertain.

美国总统唐纳德·特朗普（Donald Trump）于1月23日星期四发布了有史以来第一项执行命令。该命令概述了“国家数字资产库存”的形成，促使有关美国是否打算积极购买比特币（BTC）或仅将没收的BTC纳入储备金。此外，有关在该库存中纳入山寨币的范围尚不确定。

The executive order states that “The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.” This broad language has led to varied interpretations among industry experts.

行政命令指出：“工作组应评估国家数字资产库存的潜在创建和维护，并提出标准，以建立这种库存，该库存可能是由联邦政府通过其执法工作抓住的加密货币的。”这种广泛的语言导致了行业专家之间的各种解释。

Bitcoin And Altcoins? Buy Or Just Hodl?

比特币和山寨币？买还是只是霍德？

Dennis Porter, founder and CEO of the Bitcoin lobbying non-profit Satoshi Act Fund, expressed support for the initiative via Yahoo Finance, emphasizing the strategic choice of terminology. “We fully endorse the working group for a ‘Strategic Digital Asset Stockpile’,“ Porter said.

比特币游说非营利性Satoshi Act基金的创始人兼首席执行官丹尼斯·波特（Dennis Porter）通过Yahoo Finance表示支持该计划，强调了术语的战略选择。波特说：“我们完全认可工作组'战略性数字资产库存'。”

He highlighted that “it is pragmatic for the working group to use the word “digital asset” for the exact same reason that Satoshi Act Fund has utilized this approach within our model policy which has passed into law 4 times at the state level.” This strategy, according to Porter, facilitates a broader conversation on the importance of Bitcoin and protects its long-term viability, ultimately aiming to position the United States as the largest holder of Bitcoin globally.

他强调说：“工作组的务实是使用“数字资产”一词的原因，因为Satoshi Act Fund在我们的模型政策中使用了这种方法，该方法已在州一级进入了4次法律。”根据波特的说法，该战略促进了关于比特币重要性的更广泛的对话，并保护其长期生存能力，最终旨在将美国定位为全球最大的比特币持有人。

Crypto analyst MacroScope shared insights via Twitter, noting that the executive order lays the groundwork for a strategic Bitcoin reserve (SBR) with a clear timeline. “Groundwork for a strategic Bitcoin reserve is underway with a clear timeline,” he stated and pointed out that within 180 days, the Working Group is expected to submit a report to the President recommending regulatory and legislative proposals to advance the policies established in the order.

加密分析师MacRoscope通过Twitter分享了见解，并指出行政命令为战略性比特币储备（SBR）奠定了基础，并具有明确的时间表。他指出：“战略比特币储备的基础工作正在进行清晰的时间表。” 。

Alex Thorn, Head of Research at Galaxy Digital, clarified that the term “stockpile” might merely refer to holding existing assets rather than actively purchasing new ones. “‘Stockpile’ is jargon that means holding what they have, but not necessarily buying anything,” Thorn stated.

Galaxy Digital的研究负责人Alex Thorn澄清说，“ Stockpile”一词可能只是指持有现有资产，而不是积极购买新的资产。索恩说：“'Stockpile'是行话，意味着握住他们拥有的东西，但不一定要购买任何东西。”

He shared an overview of the current cryptocurrency holdings of the US government, and added: “I want to be clear that the EO doesn’t say the government WILL hold ALL the coins it currently holds […] note that it also says ‘establishing criteria’ — presumably not everything will be HODL'd.”

他分享了美国政府当前的加密货币持有的概述，并补充说：“我想清楚地表明，EO并不表示政府将持有目前持有的所有硬币[…]注意，它也表示'建立'标准' - 大概并不是一切都会是hodl的。”

David Bailey, CEO of BTC Inc. and a key advisor to the Trump campaign on crypto matters, added that the executive order leaves room for ambiguity regarding the purchase of additional Bitcoin. “I know this will shock some of you but Bitcoin is a Digital Asset. […] Also just to point out, the EO does not say the strategic stockpile can not purchase additional bitcoin. It leaves it ambiguous. The Working Group will determine those details. We have six months to convince them to ape in size.”

BTC Inc.首席执行官兼特朗普竞选活动的关键顾问David Bailey补充说，行政命令为购买额外的比特币提供了歧义的空间。 “我知道这会震惊你们中的一些人，但比特币是数字资产。 […]也只是为了指出，EO并没有说战略储备不能购买其他比特币。它使它模棱两可。工作组将确定这些细节。我们有六个月的时间说服他们大小。”

He stressed the importance of legislative support, stating that establishing a SBR at the necessary scale will require congressional backing. Bailey referenced the Lummis BITCOIN Act, highlighting Senator Cynthia Lummis's pivotal role in advancing crypto-friendly legislation.

他强调了立法支持的重要性，并指出在必要的规模上建立SBR将需要国会支持。贝利（Bailey）提到了《卢米斯比特币法》（Lummis Bitcoin Act），强调了参议员辛西娅·卢米斯（Cynthia Lummis）在推进加密货币友好的立法方面的关键作用。

Senator Cynthia Lummis, appointed chair of the Senate Banking Subcommittee on Digital Assets on Thursday. Notably, President Trump couldn’t have picked anyone more pro-BTC and pro-SBR than Lummis as chair. Lummis has been actively involved in promoting Bitcoin-related legislation, notably through the BITCOIN Act of 2024. Senator Lummis introduced the Strategic Bitcoin Reserve legislation – aimed at buying 1 million BTC over 5 years in 2024.

参议员辛西娅·卢米斯（Cynthia Lummis）周四任命了参议院银行业务小组委员会主席。值得注意的是，特朗普总统不能比卢米斯（Lummis）挑选更多亲btc和Pro-SBR作为主席。卢米斯（Lummis）一直积极参与促进与比特币相关的立法，尤其是通过2024年的《比特币法》（Bitcoin Act）。参议员卢米斯（Lummis）介绍了战略性比特币储备立法 - 旨在在2024年在5年内购买100万BTC。

In her opening statement upon chairing the subcommittee, Lummis emphasized the future importance of digital assets and the need for bipartisan legislation to establish a comprehensive legal framework. “Congress needs to urgently pass bipartisan legislation establishing a comprehensive legal framework for digital assets and that strengthens the U.S. dollar with a strategic bitcoin reserve,” she stated.

卢米斯（Lummis）在主持小组委员会主席的开幕词中强调了数字资产的未来重要性以及两党立法建立全面法律框架的需求。她说：“国会需要紧急通过两党立法，以建立一个全面的数字资产法律框架，并通过战略比特币储备来增强美元。”

Lummis further highlighted the challenges ahead, noting the necessity for consensus-building and widespread support to codify a Strategic Bitcoin Reserve. “There is a BIG lift ahead. It will require consensus building and loud voices. So get loud but remember to codify an SBR we need majorities in both houses. Make friends where you can. […] Every legislator is giving this legislation a serious look. The time is now. The President is a visionary leader and we are ready to get this bill to his desk.”

卢米斯进一步强调了未来的挑战，并指出了建立共识和广泛支持以使战略性比特币储备的必要性。 “前面有一个很大的提升。这将需要建立共识和大声的声音。因此，请大声说明，但请记住要编纂一个SBR，我们在这两个房屋中都需要大多数。在可能的地方结交朋友。 […]每个立法者都认真对待这项立法。现在是时候了。总统是一位有远见的领导人，我们准备将这项账单带到他的桌子上。”

Thus, President Trump has created two pathways for a Strategic Bitcoin Reserve: the “stockpile” worked on by the working group and the new subcommittee chaired by Lummis. She could actively enhance the Bitcoin reserve through Congress, meaning that the US might buy BTC, not just hodl onto what is seized by law enforcement.

因此，特朗普总统为战略比特币储备创造了两条途径：工作组和由卢米斯（Lummis）主持的新小组委员会工作的“库存”。她可以通过国会积极地增强比特币储备，这意味着美国可能会购买BTC，而不仅仅是霍德尔（Hodl），而不是执法部门所抓住的东西。

At press time, BTC traded at $104,949.

发稿时，BTC的交易价格为104,949美元。