特朗普总统正在卖掉一个纪念因素，并通过出售单独的硬币收取大部分收入

它始于特朗普在任职的第三天发行的行政命令“加强美国在数字金融技术方面的领导”。

President Trump is planning to create a federal “Crypto Strategic Reserve” with tokens from World Liberty Financial, while also collecting most of the revenue from the sale of a separate coin from a company called World Liberty Financial.

特朗普总统正计划在世界自由金融的代币中创建一个联邦“加密战略储备”，同时还从出售来自一家名为世界自由金融公司的单独的硬币出售中收取了大部分收入。

Trump's plan to buy up crypto tokens with taxpayer dollars to benefit billionaires and bankruptcies closely advising the administration began with an executive order, “Strengthening America's Leadership In Digital Financial Technology,” issued on Trump's third day in office.

特朗普以纳税人的美元收购加密代币的计划使亿万富翁受益和破产，以密切的咨询服务，始于行政命令“加强美国在数字金融技术方面的领导才能”，在特朗普上任第三天发表。

The executive order created a crypto working group tasked with evaluating the creation of a “national digital asset stockpile.”

行政命令创建了一个加密工作组，负责评估“国家数字资产库存”的创建。

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.

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，可能是由联邦政府通过其执法工作合法扣押的加密货币衍生而来的。

Trump expanded on this concept in a post on Truth Social on Sunday. He specified that the “Crypto Strategic Reserve” would not only contain well-known tokens like Bitcoin (BTC) and Ethereum (ETH), but also newer entrants like XRP, Solana (SOL), and Cardano (ADA).

特朗普在周日关于真相社交的帖子中扩展了这一概念。他指出，“加密战略储备”不仅包含诸如比特币（BTC）和以太坊（ETH）之类的知名令牌，而且还包含XRP，Solana（Solana（Sol）和Cardano（ADA）等新的参赛者（ETH）。

The term “Crypto Strategic Reserve” is a non sequitur since there are no plausible circumstances in which the United States government holding large amounts of cryptocurrencies would be of any strategic benefit.

“加密战略储备”一词是非隔离的，因为在没有合理的情况下，美国政府持有大量加密货币将带来任何战略利益。

A strategic oil reserve is beneficial in the event of a shortage of oil imports or a disruption in domestic oil production. When would a crypto reserve be useful? Under what circumstance would the United States need to make a transaction with a crypto token that could not also be made with the dollar?

如果石油进口不足或国内石油生产中断，战略石油储备是有益的。加密保护区何时有用？在什么情况下，美国需要与无法用美元进行的加密代币进行交易？

It raises the question of why the United States would divert taxpayer resources to obtain these tokens.

它提出了一个问题，即为什么美国会转移纳税人资源以获取这些令牌。

While the public benefit is unclear, the biggest economy in the world buying up large amounts of various crypto tokens would be a financial windfall for the companies that created these tokens and the people who already own them. Those companies and investors also have close political and financial ties to Trump.

尽管公共利益尚不清楚，但全世界最大的经济体购买了大量的各种加密代币将是创建这些代币和已经拥有它们的人的公司的金融意外之财。这些公司和投资者还与特朗普有着密切的政治和财务联系。

Popular Information is an independent newsletter dedicated to accountability journalism since 2018. It is made possible by readers who upgrade to a paid subscription.

流行信息是一部独立的新闻通讯，自2018年以来一直致力于问责制新闻。升级为付费订阅的读者使它成为可能。

Ripple makes waves

波纹浪潮

For XRP, being included in Trump’s proposed national crypto reserve is a major coup for its creator, Ripple.

对于XRP而言，被包括在特朗普提议的国家加密保护区中，这是其创作者Ripple的重大政变。

Introduced in 2012, XRP is the world’s third-largest cryptocurrency and was designed to speed up international transactions by using XRP as a bridge currency for transactions made through Ripple’s payment network. Most of the large financial institutions that use Ripple's platform, however, do not use XRP, so the currency has little value other than as a speculative asset. The currency remains highly centralized, with Ripple owning 48 billion XRP of the 100 billion coins in circulation.

XRP于2012年推出，是世界第三大加密货币，旨在通过使用XRP作为通过Ripple的支付网络进行的交易来加快国际交易的速度。但是，大多数使用Ripple平台的大型金融机构都不使用XRP，因此该货币除了投机资产以外几乎没有价值。该货币仍然是高度集中的，波纹在流通中拥有480亿XRP。

In December 2020, the end of Trump’s first term, the SEC issued charges against Ripple related to XRP, alleging that the token was an unregistered security. Initially a court ruled that XRP is a security in certain transactions but not in others, but the SEC appealed that decision. Although the SEC has abandoned many of its other legal actions against crypto firms, the appeal in the XRP case is still pending.

在2020年12月，即特朗普的第一任期结束时，SEC对与XRP有关的波纹发出了指控，指控令牌是未注册的安全性。最初，法院裁定XRP是某些交易的安全性，但在其他交易中不是，但SEC对此决定提出上诉。尽管SEC放弃了针对加密货币公司的许多其他法律诉讼，但XRP案件中的上诉仍在审理中。

Ripple's improving political fortunes is not an accident. The company contributed $5 million worth of XRP to Trump’s inauguration fund, one of the largest corporate contributions. Ripple also donated $45 million dollars to Fairshake, a Super PAC that supported pro-crypto congressional candidates and played a critical role in securing Republican majorities in the House and Senate. The company has since contributed another $25 million to Fairshake ahead of the 2026 midterm elections.

波纹的改善政治命运并不是偶然的。该公司为特朗普的就职基金（最大的公司捐款之一）捐款了价值500万美元的XRP。 Ripple还向Fairshake捐赠了4500万美元，这是一家超级PAC，支持Pro-Crypto国会候选人，并在确保众议院和参议院的共和党多数派中发挥了至关重要的作用。此后，该公司在2026年中期选举之前又为Fairshake贡献了2500万美元。

Ripple CEO Brad Garlinghouse attended Trump’s inauguration and earlier in January, he and Ripple’s chief legal officer had dinner with Trump at Mar-A-Lago. The New York Post reported that Garlinghouse is on the shortlist of candidates for Trump’s crypto advisory council.

Ripple首席执行官布拉德·加林豪斯（Brad Garlinghouse）出席了特朗普的就职典礼，一月初，他和Ripple的首席法律官在Mar-A-Lago与特朗普共进晚餐。 《纽约邮报》报道说，加林豪斯在特朗普加密咨询委员会的候选人名单上。

Garlinghouse praised Trump’s inclusion of smaller and more volatile cryptocurrencies like XRP in the national crypto reserve on X.

加林豪斯（Garlinghouse）赞扬特朗普（Trump）在X的国家加密保护区（National Crypto Reserve）中包括XRP等较小且更加动荡的加密货币。

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我们开始了新的出版物Musk Watch。 NPR在这里发布了我们的发布。它具有责任新闻业，重点是历史上最强大的人之一。它可以免费注册，因此我们希望您可以尝试一下，让我们知道您的想法。

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Trump's selections mirror investments by Trump's crypto czar

特朗普的选择反映了特朗普的加密沙皇的投资

David Sacks is a venture capitalist and Trump fundraiser, who was named Trump’s crypto czar. Trump's selections for the "Crypto Strategic Reserve" closely track Sacks' investments in the industry.

戴维·萨克斯（David Sacks）是一位风险投资家，特朗普筹款人被任命为特朗普的加密沙皇。特朗普对“加密战略储备”的选择密切追踪麻袋在该行业中的投资。

On Sunday, Sacks posted on X that he sold all of his cryptocurrency “prior to the start of the administration.”

周日，萨克斯（Sacks）在X上张贴，他在“政府开始之前”出售了所有加密货币。

But Sacks has not yet disclosed his investments in companies involved in the crypto industry. And Sacks’ venture firm, Craft Ventures, has invested in several crypto start-ups, including Bitwise Asset Management.

但是，萨克斯尚未透露他对参与加密行业的公司的投资。萨克斯的风险投资公司已经投资了几家加密初创企业，包括位资产管理。

Craft Ventures invested in Bitwise, a company that sells crypto index funds, in 2017.

Craft Ventures投资于2017年出售加密指数基金的公司Bitwise。