特朗普宣布计划建立以比特币和以太坊为特色的“加密战略储备”

周日，唐纳德·特朗普总统宣布，美国计划建立“加密战略储备”，该储备将以著名的加密货币为特色，例如比特币和以太坊

President Donald Trump announced on Sunday that the U.S. plans to create a “crypto strategic reserve,” which will include major cryptocurrencies like bitcoin and ethereum, leading to a surge in crypto prices.

唐纳德·特朗普总统周日宣布，美国计划创建“加密战略储备”，其中包括比特币和以太坊等重大加密货币，导致加密货币价格上涨。

This move marks Trump’s latest initiative in engaging with the cryptocurrency sector, which he has increasingly positioned himself as a key supporter of in recent months ahead of the November election.

此举标志着特朗普在与加密货币领域互动的最新举措，他越来越多地将自己定位为11月大选前几个月的主要支持者。

Key Facts

关键事实

Trump said that a national crypto reserve would help “elevate this critical industry after years of corrupt attacks,” and that he has instructed his administration to “proceed with the Crypto Strategic Reserve,” which will feature prominent cryptocurrencies such as XRP, Solana, and ADA.

特朗普说，国家加密保护区将在经过多年的腐败袭击后“提升这个关键行业”，并指示他的政府“继续使用加密战略储备”，该储备将以XRP，Solana和Ada等著名的加密货币为特色。

In a follow-up post, Trump stated that the reserve will “obviously” have bitcoin and ether as the “heart of the Reserve,” showcasing his enthusiasm for the two leading cryptocurrencies.

特朗普在后续帖子中说，该储备将“显然”以比特币和以太作为“储备的心脏”，展示了他对两种主要加密货币的热情。

This announcement follows an executive order from Trump on January 23, directing his administration to form a “working group” to propose a regulatory framework for digital assets, including the possibility of a “national digital asset stockpile.”

该公告是在1月23日从特朗普发出的行政命令之后的，指示他的政府组成一个“工作组”，以提出针对数字资产的监管框架，包括“国家数字资产库存”的可能性。

What Was The Impact On Crypto Prices?

对加密价格有什么影响？

Following Trump’s announcement, bitcoin surged over 10%, increasing from around $94,000 to more than $94,000 early Sunday afternoon. Meanwhile, ethereum experienced a 13% rise, briefly surpassing $2,500 earlier in the afternoon.

特朗普宣布这一消息后，比特币飙升了10％以上，从约94,000美元增加到周日下午的94,000美元以上。同时，以太坊经历了13％的增长，在下午早些时候短暂超过了2500美元。

Smaller market cap coins that Trump mentioned—like XRP, ADA, and Solana—also saw their prices soar by at least 20% shortly after the announcement.

特朗普提到的较小的市值硬币（例如XRP，ADA和Solana）也看到其价格在宣布后不久至少飙升了20％。

What Would A ‘Crypto Strategic Reserve’ Look Like?

“加密战略储备”会是什么样？

The specifics of the proposed crypto stockpile are still unclear, but Trump’s executive order suggests that the reserve could be “potentially derived” from cryptocurrency seized by federal authorities “through law enforcement efforts.”

拟议中的加密储备的细节仍不清楚，但特朗普的行政命令表明，该储备可以从联邦当局“通过执法努力”“有可能从联邦当局抓住的加密货币中获得”。

The New York Times reports that the federal government currently holds an estimated $19 billion in seized bitcoin, which could be used to form the reserve.

《纽约时报》报道说，联邦政府目前估计持有190亿美元的查获比特币，可用于构成储备。

The Washington Post adds that the government has previously sold off its crypto assets, which can lead to a decline in crypto prices. However, keeping this cryptocurrency in a stockpile would help prevent such price drops. It remains to be seen whether Trump would seek to acquire significant amounts of new cryptocurrency to expand the reserves, which could further stimulate the crypto market and benefit existing holders, but would likely require congressional approval, as the Times notes.

《华盛顿邮报》补充说，政府以前已经出售了其加密资产，这可能导致加密货币价格下降。但是，将这种加密货币保留在库存中将有助于防止这种价格下跌。特朗普是否会寻求获得大量新的加密货币来扩大储量，这可能会进一步刺激加密货币市场并受益于现有持有人，这还有待观察，但正如《时报》指出的那样，可能需要国会批准。

Chief Critic

首席评论家

While the cryptocurrency community has expressed support for the idea of a national crypto stockpile, some economists have voiced concerns about the initiative. They argue that the government’s involvement in cryptocurrency could be a risky move, primarily benefiting current crypto holders and risking the loss of billions in taxpayer money should the market value decrease.

尽管加密货币社区表示支持国家加密货币的想法，但一些经济学家对该计划表示关注。他们认为，政府参与加密货币可能是一项冒险的举动，主要使当前的加密持有人受益，并冒着在市场价值下降的情况下冒着数十亿美元的纳税人货币损失的风险。

“There’s just no discernible logic to do it,” said Mark Zandi, chief economist at Moody’s Analytics, in a November statement about a national crypto stockpile. “I understand why crypto investors would be in favor of it. But other than that, I don’t see the value-added, especially if the taxpayers are going to be on the hook for the cost.”

穆迪分析（Moody's Analytics）的首席经济学家马克·赞迪（Mark Zandi）在11月份关于国家加密货币库存的声明中说：“没有可辨认的逻辑。” “我知道为什么加密投资者会支持它。但是除此之外，我看不到增值，尤其是如果纳税人将付出代价。”

Why Do Crypto Advocates Want A Stockpile?

为什么加密拥护者想要库存？

Cryptocurrency supporters highlight that a national stockpile would benefit the industry by enabling the government to make regular purchases of crypto and reducing the impact of government sell-offs, which are known to influence market prices. They believe it could also contribute to reducing the national debt, as the federal government’s revenue would increase with the rising value of its crypto investments.

加密货币支持者强调，国家股票将使政府能够定期购买加密货币并减少政府抛售的影响，这将影响市场价格，这将使该行业受益。他们认为，这也可能有助于减少国家债务，因为联邦政府的收入将随着其加密投资的不断增长而增加。

In July, Sen. Cynthia Loomis, R-Wyo., introduced legislation to establish a national bitcoin stockpile, presenting cryptocurrency as a government “savings technology” and a means to “improve America’s balance sheet,” which she stated would "go a long way to help us begin paying down the national debt."

7月，R-Wyo。参议员辛西娅·洛米斯（Cynthia Loomis）提出了立法，以建立国家比特币库存，提出加密货币作为政府“储蓄技术”，并是“改善美国资产负债表”的手段，她说，这将使我们很长一段路，以帮助我们开始偿还国债。”

Tangent

切线

One cryptocurrency not mentioned in Trump’s announcement is tether, a stablecoin that is pegged to the U.S. dollar. However, the Post reports that the seized cryptocurrencies available for a stockpile may include this stablecoin.

特朗普公告中未提及的一个加密货币是Tether，这是一种与美元挂钩的稳定币。但是，该帖子报告说，可用于库存的扣押加密货币可能包括此稳定币。

This is relevant because Trump’s Commerce Secretary Howard Lutnick has ties to tether. Reports indicate that Cantor Fitzgerald, which Lutnick previously headed, is involved in managing tether’s portfolio and has recently secured a deal that could grant it a 5% ownership stake in tether.

这很重要，因为特朗普的商务部长霍华德·卢特尼克（Howard Lutnick）与系绳有联系。报道表明，卢特尼克先前领导的坎托·菲茨杰拉德（Cantor Fitzgerald）参与了Tether的投资组合管理，并最近获得了一项交易，可以授予其5％的所有权股权。

Although Lutnick has stepped down from his role at Cantor Fitzgerald and is in the process of divesting from it due to his government position, his connection to tether has drawn scrutiny, with Sen. Elizabeth Warren, D-Mass., raising “serious concerns” about the implication of his involvement for policies regarding tether and broader cryptocurrency sector. The White House and Commerce Department did not immediately respond to requests for comment on Lutnick’s role in the Crypto Strategic Reserve.

尽管卢特尼克（Lutnick）辞去了他在坎托·菲茨杰拉德（Cantor Fitzgerald）的角色，并且由于他的政府职位而撤离了他的角色，但他与特ether的联系受到了审查，参议员伊丽莎白·沃伦（Elizabeth Warren），d-mass。，引起了对他对Tether和Broader Broader Cryperercrypererencelency sector的参与的“严重关切”。白宫和商务部没有立即回应有关卢特尼克在加密战略储备中的作用的评论请求。

Key Background

关键背景

Trump has become a notable voice in the crypto sphere ahead of the November election, enlisting the fundraising support of prominent figures in the industry. He has introduced a series of proposals that would benefit

特朗普在11月大选之前已成为加密货币领域的著名声音，并获得了该行业中著名人物的筹款支持。他提出了一系列提议，这些建议将受益