特朗普硬币ETF正是SEC应该阻止的

允许扩大对第一个家庭的模因的交换贸易资金将朝错误的方向进行加密监督。

classroom, and FIT21 sailed through the Senate in early 2025. President Trump signed the bill into law on Jan. 20, 2025, at Mar-a-Lago.

教室和FIT21于2025年初航行。特朗普总统于2025年1月20日在玛丽·拉戈（Mar-A-Lago）签署了该法案。

Now, the Trump administration is considering whether to allow exchange-traded funds that magnify exposure to memecoins created by members of the first family. This move would be a mistake and would take crypto oversight in the wrong direction.

现在，特朗普政府正在考虑是否允许是否允许交易所交易的资金，以扩大对第一家族成员创建的成员的接触。这一举动将是一个错误，将使加密监督朝错误的方向进行。

Trump Coins

王牌硬币

In early 2023, Eric Trump and Kimberly Guilfoyle launched MAGA Coin and Save America Coin, respectively, as part of a broader effort to raise funds for Trump’s 2024 campaign. These coins quickly became two of the top gainers in the crypto markets, rising more than 1,000% from their initial offering prices.

2023年初，埃里克·特朗普（Eric Trump）和金伯利·吉尔福伊（Kimberly Guilfoyle）分别推出了Maga Coin和Save America Coin，这是为筹集特朗普2024年竞选资金的广泛努力的一部分。这些硬币很快成为加密货币市场中的两个最大涨幅，比初始发行价格增长了1,000％以上。

The coins are notable for their lack of substance. They have no use case beyond being a fundraising tool for the Trump family, and they are not decentralized. Instead, they are centralized coins that can be easily manipulated by their creators. Moreover, the coins are being shilled by Trump allies in the media, who are touting their gains without disclosing their close relationship to the Trump family.

硬币因缺乏实质而着称。除了成为特朗普家族的筹款工具之外，他们没有用例，而且没有分散。取而代之的是，它们是集中的硬币，很容易由创作者操纵。此外，媒体中的特朗普盟友将这些硬币削减，他们正在吹捧自己的收益，而没有透露与特朗普家族的密切关系。

Despite these clear red flags, both coins have been included in the Trump Coin ETF, an exchange-traded fund that tracks the performance of a basket of Trump-related memecoins. The ETF is set to begin trading on the New York Stock Exchange later this month.

尽管有这些透明的危险信号，但两枚硬币都包含在特朗普硬币ETF中，这是一个以交易所交易的基金来追踪一篮子与特朗普相关的成员的表现。 ETF将于本月晚些时候开始在纽约证券交易所进行交易。

Coin ETFs

硬币ETF

Coin ETFs are a new financial product that have been rapidly gaining popularity. These ETFs track the performance of a basket of cryptocurrencies, allowing investors to gain exposure to the digital asset class without having to buy and store the coins themselves.

硬币ETF是一种新的金融产品，一直在迅速越来越受欢迎。这些ETF跟踪了一篮子加密货币的性能，使投资者能够获得数字资产类别的曝光率，而无需购买和存储硬币本身。

Coin ETFs are typically structured as closed-end funds, which means they issue a fixed number of shares at the beginning of their life. These shares are then traded on the secondary market, and the ETF’s net asset value adjusts to reflect the changing prices of the underlying coins.

硬币ETF通常以封闭式基金结构结构，这意味着它们在生命开始时发行了固定的股份。然后将这些股份在二级市场上进行交易，ETF的净资产价值调整以反映基础硬币的价格变化。

Coin ETFs have several advantages over investing in the underlying coins directly. First, ETFs are more liquid than individual coins, making it easier for investors to buy and sell their positions quickly. Second, ETFs are regulated by the Securities and Exchange Commission, which provides some level of protection for investors.

硬币ETF比直接投资基础硬币具有多个优势。首先，ETF比单个硬币更液体，使投资者更容易快速买卖其头寸。其次，ETF受证券交易委员会的监管，该委员会为投资者提供一定程度的保护。

However, coin ETFs also have some disadvantages. One disadvantage is that they can be expensive to trade, especially for small investors. Another disadvantage is that coin ETFs are not always transparent, making it difficult for investors to understand how their money is being used.

但是，硬币ETF也有一些缺点。一个缺点是它们的交易价格昂贵，尤其是对于小型投资者而言。另一个缺点是硬币ETF并不总是透明的，这使得投资者难以了解其资金的使用方式。

Trump Coin ETFs

特朗普硬币ETF

The Trump Coin ETF is a new financial product that is being created by a group of Trump allies. The ETF will track the performance of a basket of Trump-related memecoins, including MAGA Coin and Save America Coin.

特朗普硬币ETF是由一群特朗普盟友创造的新金融产品。 ETF将跟踪一篮子与特朗普相关的成员的表现，包括Maga Coin和Save America Coin。

The ETF is being marketed to Trump supporters as a way to own a piece of the former president’s legacy. However, the ETF is also likely to be a major fundraising tool for the Trump family, as they will receive a portion of the profits from the ETF.

ETF正在向特朗普支持者推销，以此作为拥有前总统遗产的一种方式。但是，ETF也可能是特朗普家族的主要筹款工具，因为他们将获得ETF的一部分利润。

The Trump Coin ETF is also likely to be a major point of contention between the Trump administration and the Securities and Exchange Commission. The SEC has been cracking down on crypto products that it believes are being used to defraud investors.

特朗普硬币ETF也可能是特朗普政府与证券交易委员会之间的主要争论点。 SEC一直在打击它认为正在欺骗投资者的加密产品。

Coin ETFs are a new financial product that is still being evaluated by regulators. However, the Trump administration is considering allowing ETFs that magnify exposure to memecoins created by members of the first family. This move would be a mistake and would take crypto oversight in the wrong direction.

硬币ETF是一种仍在监管机构评估的新金融产品。但是，特朗普政府正在考虑允许ETF放大对第一家族成员创建的模因的接触。这一举动将是一个错误，将使加密监督朝错误的方向进行。