特朗普币和 Memecoins 是加里·詹斯勒 (Gary Gensler) 的遗产

也许特朗普币的推出最有趣的方面是它的时机和背景。加里·詹斯勒 (Gary Gensler) 经过多年积极的加密货币执法后退出了 SEC，即将上任的总统推出了一款模因币。这并非巧合。

Donald Trump has launched a meme coin called "Trump Coin," which has quickly reached a market capitalization of $4.8 billion within 24 hours. The coin is trading at $25 with a fully diluted valuation of $24.3 billion.

唐纳德·特朗普推出了一款名为“特朗普币”的模因币，该币的市值在 24 小时内迅速达到 48 亿美元。该代币的交易价格为 25 美元，完全稀释后的估值为 243 亿美元。

The president's entry into the cryptocurrency space comes as Gary Gensler is set to leave the SEC after years of aggressive cryptocurrency regulation. This move has sparked speculation about the role Trump Coin might play in shaping future discussions on cryptocurrency regulation, political branding, and the function of meme assets in the financial ecosystem.

在总统进入加密货币领域之际，加里·詹斯勒(Gary Gensler)在经历了多年严格的加密货币监管后即将离开美国证券交易委员会。此举引发了人们对特朗普币在塑造未来有关加密货币监管、政治品牌以及金融生态系统中模因资产功能的讨论方面可能发挥的作用的猜测。

Trump Coin's existence highlights a curious dynamic in crypto regulation. Gensler's strict interpretation of securities laws, applied to cryptocurrencies, may have inadvertently steered cryptocurrency innovation toward meme coins rather than utility tokens.

特朗普币的存在凸显了加密货币监管中一种奇怪的动态。 Gensler 对适用于加密货币的证券法的严格解释可能无意中将加密货币创新引向了迷因币而不是实用代币。

While projects like Libra (later Diem) and LBRY spent millions trying to launch a legal cryptocurrency, meme coins like Dogecoin, Shiba Inu, and now Trump Coin have thrived by explicitly avoiding the claim of being anything other than a speculative asset with no promise of profit sharing or utility.

虽然像 Libra（后来的 Diem）和 LBRY 这样的项目花费了数百万美元试图推出一种合法的加密货币，但像狗狗币、柴犬和现在的特朗普币这样的模因币却通过明确避免声称自己是投机资产之外的任何东西而蓬勃发展，并且没有任何承诺。利润分享或效用。

The more absurdly a token positions itself as a meme with no serious utility, the safer it becomes from being classified as a security. This perverse incentive has contributed to the proliferation of meme coins, which now account for a substantial portion of the cryptocurrency market cap.

代币将自己定位为没有任何实际用途的迷因越荒谬，它就越不会被归类为证券。这种不正当的激励措施导致了模因币的激增，这些币现在占据了加密货币市值的很大一部分。

Trump Coin's launch also raises ethical questions due to the intersection of political power and speculative assets. Unlike traditional Trump-branded ventures, cryptocurrency's pseudonymous nature allows anyone worldwide to invest without identity checks, potentially creating concerns about undue influence on a sitting president. These concerns mirror but may amplify similar issues raised around Trump's other business interests, such as Trump Media and Technology Group's Truth Social platform.

由于政治权力与投机资产的交叉，特朗普币的推出还引发了道德问题。与传统的特朗普品牌企业不同，加密货币的匿名性质允许世界各地的任何人在没有身份检查的情况下进行投资，这可能会引发对现任总统不当影响的担忧。这些担忧反映了但可能会放大围绕特朗普其他商业利益引发的类似问题，例如特朗普媒体和科技集团的真相社交平台。