特朗普的战略加密储备计划点燃怀疑主义的计划

唐纳德·特朗普（Donald Trump）的战略加密保护区计划在数字资产市场中的欣快感在周一转向怀疑论

Donald Trump’s plans for a strategic crypto reserve sparked enthusiasm in digital-asset markets but quickly soured on Monday, triggering early losses in cryptocurrencies that worsened throughout the day.

唐纳德·特朗普（Donald Trump）制定的战略加密储备的计划激发了数字资产市场的热情，但在周一迅速恶化，引发了全天恶化的加密货币的早期损失。

Investors also grew more pessimistic about a US-led trade deal to avert a 25 per cent tariff on Mexican and Canadian goods, and the tech-stock-heavy Nasdaq 100 Index slid more than 2 per cent.

投资者对以美国领导的贸易协议的态度越来越悲观，以避免对墨西哥和加拿大商品的关税25％，而技术储备丰富的纳斯达克100指数滑行超过2％。

Trump said Sunday on Truth Social that the XRP, SOL and ADA tokens will be included in the reserve, along with Bitcoin and Ether. The news ignited an immediate crypto rally, offering some relief to an asset class fresh off its worst month since 2022. Yet the inclusion of the three lesser-known digital tokens was later met with questions from investors about the project’s merits.

特朗普周日在《真理社交》上说，XRP，SOL和ADA代币将与比特币和以太一起包含在保护区中。这一消息引发了立即的加密集会，从2022年以来最糟糕的一个月中，对资产类别提供了一些缓解。然而，包括三个鲜为人知的数字代币的包含在内，后来又遇到了投资者有关该项目优点的问题。

All of the cryptocurrencies that Trump said would be included in the reserve posted sharp declines by late afternoon in New York amid a broad retreat in risk assets. Most of Sunday’s gains in the tokens were wiped out.

特朗普所说的所有加密货币都将包括在纽约下午晚些时候在纽约下午急剧下降，并在风险资产上进行了广泛的撤退。周日在代币中的大部分收益都被消灭了。

The Bloomberg Galaxy Crypto Index slumped almost 28 per cent in February. The rout put pressure on Trump, who returned to the White House after the industry showered him with campaign donations and praise. Even the Securities and Exchange Commission’s reversal of a years-long crackdown had failed to stem the selloff, which many attributed in part to nervousness about Trump’s trade tariffs and dramatic moves to gut government programs.

彭博银河加密指数在2月下降了近28％。溃败给特朗普施加了压力，特朗普在行业以竞选捐款和称赞为他送回白宫。即使是证券交易委员会对长达一年的镇压的逆转也没有阻止抛售，许多人部分归因于对特朗普的贸易关税和戏剧性举动的紧张归因于肠道政府计划。

“For a president who thrives on being the market’s hero, last week’s risk asset performance was anything but inspiring,” QCP Capital said in a note on Monday. “The political calculus was clear — Trump needed a win before his approval ratings start slipping, a metric he likely takes very personally.”

QCP Capital在周一的一份报告中说：“对于一个成为市场英雄的总统，上周的风险资产表现都令人鼓舞。” “政治演算很明确 - 特朗普在批准评级开始滑倒之前需要赢得胜利，这是他可能会个人个人所接受的指标。”

Bitcoin was almost 9 per cent lower as of 3:20 p.m. in New York, trading near $86,000, while Ether lost about 16 per cent. XRP sank 18 per cent after rallying 32% on Sunday, while SOL and ADA slipped about 19 per cent each. Crypto prices fell to their lows of the day after Trump said in the White House that there was “no room left for Mexico or for Canada” to negotiate with the US to win a reprieve from 25 per cent tariffs scheduled to take effect on Tuesday.

截至纽约下午3:20，比特币的交易价格接近86,000美元，而Ether损失了约16％。 XRP在周日集会32％后沉没了18％，而SOL和ADA则分别滑落了约19％。特朗普在白宫在白宫表示，“墨西哥或加拿大没有余地”与美国进行谈判以赢得25％的关税计划在周二生效的25％的关税中赢得缓刑，这是在白宫在白宫表示“没有剩下的空间”，而加密价格下降了。

In its first statement about creating a crypto reserve in January, the White House said such a stockpile would be “potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.” Bitcoin tends to be the main crypto token seized by law enforcement agencies, including in the bust of the notorious Silk Road website.

白宫在一月份建立加密保护区的第一份声明中说，这种库存将“有可能源自联邦政府通过其执法工作而合法扣押的加密货币”。比特币往往是执法机构抓住的主要加密代币，包括在臭名昭著的丝绸之路网站的胸像中。

The initial announcement contained little detail on how the reserve would be created, which disappointed investors and helped set the stage for February’s selloff.

最初的公告几乎没有关于如何创建储备金的细节，这使投资者失望，并为2月的抛售奠定了基础。

Trump’s Sunday posts came just as his crypto czar David Sacks prepares to host the White House’s first industry summit. On Monday, Sacks took to the X platform to announce that he sold all his cryptocurrency holdings — including Bitcoin, Ether and SOL — before Trump’s administration took over in January.

特朗普的周日帖子正是他的加密沙皇戴维·萨克斯（David Sacks）准备主持白宫首次行业峰会。周一，萨克斯（Sacks）上X平台宣布，在特朗普政府在一月份接任之前，他出售了他所有的加密货币持有物（包括比特币，以太和索尔）。

XRP is the cryptocurrency associated with Ripple Labs Inc., the company run by Brad Garlinghouse. SOL and ADA are the native tokens of the Solana and Cardano blockchains. Below is a summary of the tokens and the people they’re linked to.

XRP是与Brad Garlinghouse经营的公司Ripple Labs Inc.相关的加密货币。 SOL和ADA是Solana和Cardano区块链的本地令牌。以下是代币及其链接的人的摘要。

XRP

Trump in February shared a CoinDesk story about Garlinghouse on Truth Social, drawing both cheers from fans of XRP — Ripple’s native token — and grumbling among other crypto executives.

特朗普在二月份分享了一个关于Garlinghouse关于真相社交的故事的故事，吸引了XRP的粉丝（Ripple的本地令牌）的欢呼声，并在其他加密高管中抱怨。

Garlinghouse had said in December that the company planned to donate $5 million worth of XRP to Trump’s inauguration festivities. He and Ripple’s chief legal officer, Stu Alderoty, have been photographed dining with the President at Mar-a-Lago.

加林豪斯（Garlinghouse）在12月表示，该公司计划向特朗普的就职典礼捐赠价值500万美元的XRP。他和Ripple的首席法律官Stu Alderoty已与Mar-a-Lago的总统用餐。

That level of political access represents a stark reversal of fortunes for the San Francisco-based company, which was sued in 2020 by the SEC and accused of offering unregistered securities. A US district court later found that XRP was a security when sold to institutional investors but not when sold to retail investors, which was seen as a win in the crypto industry. The SEC appealed that ruling. While the SEC has dropped many crypto enforcement actions, the Ripple appeal has not yet been abandoned.

这种政治访问级别代表了这家总部位于旧金山的公司的巨大逆转，该公司于2020年由SEC起诉，并被指控提供未注册的证券。美国地方法院后来发现，XRP是出售给机构投资者的安全性，而不是出售给零售投资者时，这被视为加密行业的胜利。 SEC对这一裁决提出上诉。尽管SEC抛弃了许多加密执法措施，但尚未放弃连锁反应。

Founded in 2012 and originally named Opencoin, Ripple was one of the earlier companies to begin developing distributed ledger technology for mainstream financial services. It created its own platform with the goal of speeding up and cutting the cost of settling international payments.

Ripple成立于2012年，最初被称为Opencoin，是开始为主流金融服务开发分布式分类账技术的较早公司之一。它创建了自己的平台，目的是加速并降低解决国际付款的成本。

Like many other blockchain startups targeting traditional financial-services flows, it has had mixed results, with banks being slow to adopt the technology.

像许多其他针对传统金融服务流动的区块链初创公司一样，它的业绩也不同，银行采用该技术的速度也很慢。

Solana

索拉纳

Solana is the blockchain of choice for issuers of so-called memecoins, digital assets with little intrinsic value that can nevertheless balloon in value if they’re able to capture the attention of

Solana是所谓的Memecoins发行人的首选区块链，数字资产几乎没有内在价值，但如果能够吸引他们的注意