谁将监管Meme Cryptos？

在加密货币世界中，Memecoins似乎在平行的宇宙中发展，在该宇宙中，法律与获胜的彩票一样。

In the realm of crypto, memecoins appear to be evolving in a parallel universe, where regulation is as scarce as a winning lottery ticket. Billions of dollars in losses are being incurred, yet regulators seem to be diverting their attention elsewhere. The latest example is the TRUMP token, which has seen $2 billion evaporate in a matter of weeks, leaving its investors worse off than a debt-ridden trader during a financial crisis. The question now is: who will regulate these meme cryptos?

在加密货币领域中，Memecoins似乎在平行的宇宙中正在发展，那里的法规就像获胜的彩票一样稀缺。正在发生数十亿美元的损失，但监管机构似乎正在将注意力转移到其他地方。最新的例子是特朗普代币，在几周内蒸发了20亿美元，这使投资者在金融危机期间比债务不满的商人更糟。现在的问题是：谁将调节这些模因加密货币？

TRUMP, the 2 billion dollar rollercoaster

特朗普，200亿美元的过山车

Launched on January 17, the TRUMP memecoin soared to $72.60 in 48 hours before plummeting 80%, going from a valuation of $14.5 billion to $3 billion. The result? 813,000 crypto investors were left devastated.

特朗普成人于1月17日推出，在48小时内飙升至72.60美元，在下跌80％之前，从145亿美元的估值到30亿美元。结果？ 813,000名加密投资者遭到破坏。

At the same time, the Trump Organization and its partners collected $100 million in trading fees. A jackpot for some, a catastrophe for others.

同时，特朗普组织及其合作伙伴收取了1亿美元的交易费用。有些人的大奖，对其他人来说是一场灾难。

A few figures to illustrate the extent of the disaster:

一些数字来说明灾难的程度：

According to Hester Peirce, SEC Commissioner, these memecoins “likely do not fit within the current regulatory framework”. She believes that it is up to Congress or the CFTC (Commodity Futures Trading Commission) to address the issue.

SEC专员Hester Peirce表示，这些模因“可能不适合当前的监管框架”。她认为，这取决于国会或CFTC（商品期货交易委员会）来解决该问题。

Nate Geraci, president of the ETF Store, shares her view:

ETF商店总裁Nate Geraci分享了她的观点：

” Memecoins are more akin to collectibles than financial instruments”.

“模因更像收藏品，而不是金融工具”。

Who will regulate meme cryptos?

谁将监管Meme Cryptos？

Leaving the crypto market to self-regulate is like asking cats to supervise an aquarium. Lyn Alden, a macroeconomic analyst, points out that the same pattern keeps recurring with each cycle:

离开加密货币市场自我调节就像要求猫监督水族馆。宏观经济分析师林恩·奥尔登（Lyn Alden）指出，相同的模式在每个周期中都反复出现：

” The same skeptics of traditional finance who mocked Bitcoin in 2017 because of ICOs, DeFi, and NFTs now reject it because of memecoins”.

“由于ICOS，DEFI和NFTS，由于Memecoins而拒绝了它，因此在2017年嘲笑比特币的传统金融怀疑论者。”

In essence, history repeats itself, and regulators are constantly playing catch-up.

从本质上讲，历史重复了自己，监管机构一直在追赶。

With the boom of ETFs on altcoins and meme cryptos under the Trump administration, the very definition of a financial asset could be changing. The SEC, under Biden's presidency, has considered bitcoin to be the only cryptocurrency that is definitively classified as a commodity.

随着特朗普政府领导下的Altcoins和Meme Cryptos的ETF繁荣，金融资产的定义可能正在改变。在拜登（Biden）担任总统任期的情况下，SEC认为比特币是唯一被归类为商品的加密货币。

But what about tomorrow? With ETFs on Solana, Dogecoin, and even TRUMP in the pipeline, the line between absurd speculation and recognized investment is becoming more blurred than an Airbnb rental agreement.

但是明天呢？凭借有关Solana，Dogecoin甚至Trump在管道中的ETF，荒谬的猜测和公认的投资之间的界限变得比Airbnb的租赁协议变得更加模糊。

Ultimately, the crypto market remains a jungle, where a select few reap the profits while the masses are left to suffer the consequences. But when Elon Musk sees his father trying to raise $200 million with a questionable memecoin, it does raise a few eyebrows.

最终，加密货币市场仍然是一个丛林，在这里，少数人从群众那里获得了利润，而群众则遭受后果。但是，当埃隆·马斯克（Elon Musk）看到他的父亲试图用可疑的成员筹集2亿美元时，它的确引起了一些眉毛。

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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

区块链和加密革命正在进行中！而那一天，将对这个世界上最脆弱的经济感受到影响的那一天，我会说我在那里是为了某事