周日，唐纳德·特朗普（Donald Trump）总统计划向硅谷加密货币支持者履行承诺

他指出，该储备将包括包括比特币和以太坊在内的众所周知的加密货币，以及XRP，Solana和Cardano等令牌。

President Donald Trump's plans to fulfill a promise to the Silicon Valley cryptocurrency backers who invested millions into his Super PAC for his 2024 campaign appear to be progressing. In an effort to ensure the U.S. becomes the “Crypto Capital of the World,” the president announced on Truth Social on Sunday that his administration aims to establish a “U.S. Crypto Reserve” as part of an executive order that promotes the development of digital assets.

唐纳德·特朗普（Donald Trump）总统计划履行对硅谷加密货币支持者的承诺，他们将数百万美元投资于他的超级PAC参加他的2024年竞选活动似乎正在发展。为了确保美国成为“加密之都世界之都”，总统周日宣布，他的政府旨在建立“美国加密储备”，作为促进数字资产发展的行政命令的一部分。

This reserve, he indicated, would include well-known cryptocurrencies such as Bitcoin and Ethereum, plus tokens like XRP, Solana, and Cardano.

他指出，该保护区将包括众所周知的加密货币，例如比特币和以太坊，以及XRP，Solana和Cardano等代币。

The nature of this strategic reserve, particularly whether the government would acquire cryptocurrencies for the reserve using taxpayer money—a move that would require Congressional approval—remains unclear. However, the news has buoyed blockchain enthusiasts. Currencies that had experienced gains since Trump’s election but had recently declined surged again, with Bitcoin seeing a notable 10 percent increase.

该战略储备金的性质，特别是政府是否会使用纳税人资金为储备金获得加密货币，这一举动需要国会批准，但不清楚。但是，这一消息激发了区块链发烧友。自特朗普当选以来的货币经历了收益，但最近再次下降了，比特币的货币显着增加了10％。

But the optimism was short-lived as Trump announced on Monday that stiff tariffs on imports from Canada and Mexico are forthcoming, triggering significant losses on Wall Street and wiping out recent gains in the crypto market.

但是，随着特朗普周一宣布，对加拿大和墨西哥进口的严重关税即将到来，这一乐观情绪是短暂的，即将引发华尔街的巨大损失，并消除了加密货币市场的最新收益。

By Monday afternoon, Bitcoin, Ethereum, Solana, and XRP had reverted to their prior values, while Cardano lost about 20 percent of its peak worth.

到周一下午，比特币，以太坊，索拉纳和XRP已恢复了其先前的价值，而卡尔达诺（Cardano）损失了约20％的峰值价值。

Even before these losses, experts expressed skepticism regarding the potential advantages of a national crypto reserve. Some industry insiders voiced concerns over the White House’s interest in including more volatile currencies, an aspect that could be problematic. (In a subsequent post following his initial announcement, Trump clarified that Bitcoin and Ethereum would be included in the reserve’s assets, seemingly in response to concerns.) Economists have characterized the crypto reserve concept as beneficial for crypto investors but risky for average taxpayers. A few journalistic critics have even labeled it as blatant corruption—noting that Trump’s crypto advisor, David Sacks, a tech venture capitalist and associate of Elon Musk, holds investments in the five cryptocurrencies mentioned on social media.

甚至在这些损失之前，专家对国家加密保护区的潜在优势表示了怀疑。一些行业内部人士对白宫的兴趣表示担忧，其中包括更多波动性的货币，这可能是有问题的。 （特朗普在最初宣布后的后续文章中澄清说，比特币和以太坊将包括在储备金的资产中，这似乎是为了回应关注点。）经济学家将加密储备储备的概念描述为对加密投资者有益，但对普通纳税人来说有风险。一些新闻评论家甚至将其标记为公然的腐败，而不是特朗普的加密助理顾问戴维·萨克斯（David Sacks）是科技风险投资家，埃隆·马斯克（Elon Musk）的合伙人，对社交媒体上提到的五个加密货币进行了投资。

Sacks defended his position on X, citing part of a Financial Times article that stated he and his firm, Craft Ventures, had sold their direct cryptocurrency holdings “shortly after Trump’s inauguration.” The article specifies that Craft still retains stakes in various crypto startups. Sacks claimed he divested from Bitcoin, Ethereum, and Solana, though he provided a slightly different timeline, stating that he sold these assets “before the administration began.” A Community Note in response to his post highlighted that Craft is an investor in asset management firm Bitwise, whose CEO disclosed on Sunday that their top five positions align with the same five cryptocurrencies Trump mentioned.

萨克斯（Sacks）捍卫了他在X上的立场，理由是他和他的公司Craft Ventures在《特朗普就职典礼后不久》中出售了他和他的公司Craft Ventures的一部分。文章指出，Craft仍然保留各种加密初创公司的股份。萨克斯声称他从比特币，以太坊和索拉纳撤资，尽管他提供了一个略有不同的时间表，并指出他在“政府开始之前”出售了这些资产。对他的帖子的回应，一份社区说明强调说，Craft是资产管理公司Bitwise的投资者，他的首席执行官在周日透露，他们的前五名位置与特朗普提到的同一五个加密货币一致。

Sacks, whose government ethics review is still pending, also countered Joe Lonsdale, another affluent venture capitalist and Trump supporter, who criticized Trump’s crypto reserve idea on X, arguing that “Taxation is theft. It should be minimized. It’s wrong to take my money for leftist schemes; it’s equally wrong to tax me for the crypto ambitions.”

萨克斯（Sacks）的政府道德审查仍在审理中，他还与另一位富裕的风险资本家和特朗普的支持者乔·伦斯代尔（Joe Lonsdale）打了反对，他们批评了特朗普对X的加密储备金的想法，并认为“税收是盗窃。应该最小化。把我的钱拿给左派计划是错误的。为加密省的野心征税同样是错误的。”

Sacks replied, “No one announced a tax or spending initiative. Perhaps you should wait and see what is actually being proposed.”

萨克斯回答说：“没有人宣布税收或支出计划。也许您应该拭目以待，看看实际提出了什么。”

One challenge in clarifying the details of a potential reserve is that minimal information has been disclosed beyond the diverse asset mix. Even within the crypto trading community, there is some hesitation regarding the idea of the federal government purchasing more Bitcoin with Treasury funds, a tactic that could backfire if the value of the digital currency were to drop dramatically. An alternative suggestion gaining some traction is for the U.S. to accumulate the billions in Bitcoin seized through law enforcement efforts, rather than liquidating it, although this presents its own logistical challenges. The White House is set to host its inaugural crypto summit on Friday, with Sacks indicating on his official government X account that the gathering will bring together “notable founders, CEOs, and investors from the crypto sector.”

阐明潜在储备的细节的一个挑战是，超出了不同资产组合之外的最小信息。即使在加密货币贸易社区中，联邦政府用国库资金购买更多比特币的想法也有些犹豫，如果数字货币的价值急剧下降，这种策略可能会适得其反。获得一些吸引力的另一种建议是，美国是通过执法工作占领的数十亿比特币，而不是清算，尽管这提出了自己的后勤挑战。白宫将于周五举办首届加密省会峰会，麻袋在其官方的政府X帐户上表明，聚会将汇集“来自加密货币领域的著名创始人，首席执行官和投资者”。

Meanwhile, there’s a pervasive sense of impropriety where the Trump administration and the cryptocurrency market intersect. The Trump family’s first crypto venture, World Liberty Financial, was launched in 2024 and quickly attracted the attention of prominent Chinese crypto entrepreneur Justin Sun. The Securities and Exchange Commission filed a lawsuit against Sun in 2023, accusing his companies, Tron and Rainberry (formerly known as BitTorrent), of fraudulently manipulating crypto markets and unlawfully compensating celebrities including Lindsay Lohan, Jake Paul, and rapper Soulja Boy to promote tokens without revealing their financial incentivization. However, just last week, after Sun accumulated a $75 million stake in World Liberty Financial tokens, the Trump SEC moved to suspend the fraud case against him. The project’s documentation indicates that the Trumps stand to earn 75 percent of the profits from those tokens.

同时，特朗普政府和加密货币市场相交的不当不当感。特朗普家族的第一个加密货币世界自由金融公司于2024年成立，并迅速吸引了中国著名的加密企业家贾斯汀·孙（Justin Sun）的注意。美国证券交易委员会于2023年提起了针对Sun的诉讼，指责他的公司Tron和Rainberry（以前称为Bittorrent），欺诈性地操纵了加密市场，并非法补偿林赛·罗汉（Lindsay Lohan），杰克·保罗（Jake Paul），杰克·保罗（Jake Paul），杰克·保罗（Jake Paul），以及Rapper soulja Boy，促进代表的经济侵害而促进造型。但是，就在上周，在太阳累积了7500万美元的世界自由金融代币股份后，特朗普SEC暂停了针对他的欺诈案。该项目的文件表明，特朗普将从这些代币中赚取75％的利润。

Additionally, just before the president’s January inauguration, the Trump team introduced two so-called meme coins, $TRUMP and $MELANIA (named after the First Lady), which were fraught with ethical dilemmas,

此外，就在总统一月就职典礼之前，特朗普团队介绍了两个所谓的模因硬币，$ trump和$ melania（以第一夫人的名字命名），这些硬币充满了道德困境，