德克萨斯对比特币的赌注：大胆的财务前沿

在数字金融的迅速发展的景观中，德克萨斯州的《众议院法案》第4258号法案提出了一项开创性的举动，可以重新定义国家投资策略。

Texas lawmakers are considering a proposal that could see the state investing some of its Economic Stabilization Fund into Bitcoin and other cryptocurrencies.

德克萨斯州议员正在考虑一项提案，该提案可以使国家将其一些经济稳定基金投资于比特币和其他加密货币。

House Bill 4258 would allow the Comptroller of Public Accounts to invest up to $250 million of the "Rainy Day Fund" into digital assets. The proposal is in response to a growing national trend of states re-evaluating traditional reserve models and considering the opportunities presented by digital currencies to diversify and potentially maximize the return on public funds.

House Bill 4258将允许公共帐户审计长将“雨天基金”的2.5亿美元投资到数字资产中。该提案是对国家重新评估传统储备模型的日益增长的国家趋势的回应，并考虑了数字货币为多元化和最大化公共资金回报率提供多样化和最大化的机会。

"This bill is a testament to the entrepreneurial spirit of Texas," said state Rep. Robert Ryon, a Republican who chairs the House Appropriations Committee. "We are always looking for new and creative ways to generate revenue and ensure the long-term economic stability of our state."

众议院拨款委员会主席的共和党州众议员罗伯特·赖恩（Robert Ryon）说：“该法案证明了得克萨斯州的企业家精神。” “我们一直在寻找新的和创造性的方法来产生收入，并确保国家的长期经济稳定。”

The proposal comes after a Senate bill earlier this year failed to set an amount for investing in cryptocurrencies. It also proposes a mandatory five-year holding period for any state-owned Bitcoin, which could help mitigate the risks associated with short-term market fluctuations.

该提案是在今年早些时候的参议院法案未能为加密货币投资的金额之后提出的。它还建议任何国有比特币的五年持有期限，这可能有助于减轻与短期市场波动相关的风险。

"We are not interested in engaging in any short-term trading or speculation," said state Sen. Bryan Scott, who chairs the Senate Finance Committee. "Our goal is to make long-term, strategic investments that will benefit the people of Texas for generations to come."

参议院财政委员会主席的州参议员布莱恩·斯科特（Bryan Scott）说：“我们对从事任何短期交易或投机不感兴趣。” “我们的目标是进行长期，战略性的投资，以使得克萨斯州的人民有益于后代。”

The bill was met with mixed reactions from economists and financial experts. Some expressed concern over the market volatility and security risks associated with digital asset markets.

该法案遇到了经济学家和财务专家的不同反应。一些人对与数字资产市场相关的市场波动和安全风险表示关注。

"While there is potential for high returns, it is important to recognize the significant risks involved," said Texas A&M University economics professor James P. Zinner. "We must proceed with caution and make sure that we are making sound financial decisions with the taxpayers' money."

得克萨斯州A＆M大学经济学教授詹姆斯·P·辛纳（James P. Zinner）说：“尽管有高回报的潜力，但必须认识到涉及的重大风险很重要。” “我们必须谨慎行事，并确保我们正在用纳税人的钱做出明智的财务决策。”

However, other experts highlighted the transformative potential of blockchain technology and cryptocurrencies to revolutionize financial systems and create new economic opportunities.

但是，其他专家强调了区块链技术和加密货币的变革潜力，以彻底改变金融系统并创造新的经济机会。

"This is a unique moment in history, and Texas has the chance to seize it," said Gary Vaynerchuk, venture capitalist and winemaker. "We can either continue down the same old path or blaze a trail into the future."

风险投资家和酿酒师加里·韦纳丘克（Gary Vaynerchuk）说：“这是历史上一个独特的时刻，得克萨斯州有机会抓住它。” “我们可以继续沿着同一条古老的道路，或者向未来铺路。”

The proposal will now be passed to the House, where it is expected to face further scrutiny before being included in the state budget for September 2025.

该提案现在将转移到众议院，预计将在2025年9月的州预算中纳入进一步的审查。

Texas is one of several states that are considering investing some of their public funds into cryptocurrencies. In April, Louisiana lawmakers approved a bill that would allow the state to invest in Bitcoin and other digital assets. The bill was sponsored by state Rep. Raymond Deprez, who said that he was motivated by the need to diversify the state's investment portfolio and generate higher returns.

得克萨斯州是考虑将其一些公共资金投资到加密货币的几个州之一。 4月，路易斯安那州议员批准了一项法案，该法案将允许该州投资比特币和其他数字资产。该法案是由州众议员雷蒙德·德雷斯（Raymond Deprez）赞助的，他说他是出于多样化该州的投资组合并产生更高回报而激发的。

"We have been investing in the same asset classes for decades, and we are not seeing the results that we need to see," Deprez said. "We need to start thinking outside the box and exploring new opportunities."

Deprez说：“几十年来，我们一直在投资相同的资产类别，我们看不到我们需要看到的结果。” “我们需要开始思考开箱即用并探索新的机会。”

The bill was passed by the House and Senate and now heads to the desk of Gov. John Bel Edwards, who is expected to sign it into law.

该法案已由众议院和参议院通过，现在前往州长约翰·贝尔·爱德华兹（John Bel Edwards）的办公桌，后者有望将其签署为法律。

The move by Louisiana comes amid a broader shift in sentiment toward cryptocurrencies among U.S. lawmakers and institutions. In December, Congress passed a bill that would regulate cryptocurrency markets and create a framework for the issuance of a U.S. digital dollar. The bill was part of a broader spending package that also funded the government and provided relief from the coronavirus pandemic.

路易斯安那州的举动是在美国立法者和机构中对加密货币的情绪更广泛的转变。 12月，国会通过了一项法案，该法案将规范加密货币市场，并为签发美国数字美元创建一个框架。该法案是更广泛的支出计划的一部分，该计划还为政府提供了资金，并提供了冠状病毒大流行的救济。

The bill, which was supported by both Democrats and Republicans, would create a new regulatory body to oversee cryptocurrency exchanges, tokens, and stablecoins. It would also require federal agencies to study the feasibility of issuing a U.S. digital dollar and make recommendations to Congress within two years.

该法案得到了民主党和共和党人的支持，将创建一个新的监管机构，以监督加密货币交易所，代币和稳定者。这也需要联邦机构研究发行美国数字美元的可行性，并在两年内向国会提出建议。

Lawmakers said that the goal of the bill was to balance innovation in the private sector with the need for consumer protection and financial stability. They also said that they wanted to ensure that the U.S. remained competitive in the global race to develop new financial technologies.

立法者说，该法案的目的是平衡私营部门的创新与消费者保护和财务稳定的需求。他们还说，他们希望确保美国在全球竞赛中保持竞争力，以开发新的金融技术。

"We are at a crossroads in the financial history of our nation," said House Financial Services Committee Chair Maxine Waters, a California Democrat. "The path that we choose today will determine whether the U.S. is a leader or a follower in the 21st-century economy."

众议院金融服务委员会主席Maxine Waters说：“我们处于我们国家财务历史上的十字路口。” “我们今天选择的道路将决定美国在21世纪经济中是领导者还是追随者。”

The bill was met with mixed reactions from financial experts and economists. Some expressed concern over the speed at which Congress was moving to regulate cryptocurrencies, given the potential risks involved.

该法案遇到了财务专家和经济学家的不同反应。鉴于涉及的潜在风险，一些人对国会行动以规范加密货币的速度表示关注。

"It is important to proceed with caution and make sure that we are considering all of the implications of our actions," said Texas A&M University economics professor James P. Zinner. "We do not want to rush into anything that could have disastrous consequences."

德克萨斯A＆M大学经济学教授詹姆斯·辛纳（James P. Zinner）说：“谨慎行事并确保我们正在考虑采取行动的所有含义，这一点很重要。” “我们不想急于遇到灾难性后果的任何事情。”

However, other experts said that the U.S. could not afford to lag behind other countries in developing new financial technologies.

但是，其他专家表示，美国在开发新的金融技术方面无力落后于其他国家。

"The U.S. is already behind China and the EU in the race to develop a digital dollar," said Gary Vaynerchuk, venture capitalist and winemaker. "We need to move quickly and decisively to ensure that we remain a global financial superpower."

风险投资家兼酿酒师加里·韦纳丘克（Gary Vaynerchuk）说：“美国已经在中国和欧盟落后于欧盟。” “我们需要快速，果断地行动，以确保我们仍然是全球金融超级大国。”