白宫宣布创建美国数字资产库存

3月6日，白宫宣布创建了美国数字资产库存。加密货币行业备受期待，该行业最初将其视为特朗普政府迈向使美国成为“加密货币之都”的重要一步，这是2024年选举中普遍引用的竞选承诺。

The U.S. Digital Asset Stockpile, a topic that has heavily occupied crypto market participants this week, is essentially a central repository for all cryptocurrencies held by the U.S. government, with the exception of Bitcoin. A separate Strategic Bitcoin Reserve will hold the estimated 200,000 Bitcoins belonging to the U.S. government.

美国数字资产库存是本周大量占领加密货币市场参与者的话题，本质上是美国政府所有加密货币的中央存储库，除了比特币外。单独的战略比特币储备将持有估计属于美国政府的200,000个比特币。

As it stands now, all U.S. government agencies will have 30 days to figure out what crypto assets they hold and report that information to the U.S. Treasury, which will have ultimate stewardship of the U.S. Digital Asset Stockpile. The only crypto assets that can be included in the stockpile are those that have been seized by the government as the result of criminal or civil asset forfeiture proceedings, and these will be transferred to the U.S. Treasury for safekeeping.

就目前而言，美国所有政府机构将有30天的时间来弄清他们持有的加密货币资产，并向美国财政部报告该信息，该信息将对美国数字资产库存的最终管理。库存中唯一可以包含的加密资产是由于刑事或民事资产没收程序而被政府扣押的资产，这些资产将被转移到美国财政部以进行安全保管。

But the details are sketchy at best. The executive order did not, for example, specify which cryptocurrencies are to be included. In an earlier social media post, President Trump suggested that Solana (CRYPTO: SOL), XRP (CRYPTO: XRP), and Cardano (CRYPTO: ADA) would be included in this stockpile. But as online blockchain sleuths have subsequently discovered, the U.S. government does not have any significant holdings of those currencies.

但是细节充其量是粗略的。例如，行政命令未指定要包括哪些加密货币。在较早的社交媒体帖子中，特朗普总统建议Solana（Crypto：Sol），XRP（Crypto：XRP）和Cardano（Crypto：Ada）将包括在此股票中。但是，正如在线区块链侦探随后发现的那样，美国政府对这些货币没有任何大量持股。

The U.S. government appears to have four large altcoin (i.e., non-Bitcoin) holdings: Ethereum (CRYPTO: ETH), Tether (CRYPTO: USDT), Binance Coin (CRYPTO: BNB), and USDC, according to an earlier report by The Block. Each of these holdings is valued at more than $10 million, with Ethereum ($133 million) and Tether ($122 million) having the greatest value.

美国政府似乎拥有四个大型替代币（即非竞争）持有：以太坊（Crypto：eth），Tether（Crypto：USDT），Binance Coin（Crypto：BNB）和USDC，根据该街区的较早报告。这些持股中的每一个价值超过1000万美元，以太坊（1.33亿美元）和Tether（1.22亿美元）的价值最高。

The U.S. government also has holdings of six other cryptocurrencies, each holding valued at anywhere from $1 million to $10 million. These are Dai, Tron (CRYPTO: TRX), Uniswap, Chainlink (CRYPTO: LINK), Render, and The Sandbox. So if the U.S. government does have any Solana, XRP, or Cardano, it’s valued at less than $1 million. Considering that all three of these cryptos have market caps of $25 billion or higher, this is a negligible amount.

美国政府还拥有另外六项加密货币，每项持有价值从100万美元到1000万美元不等。这些是dai，tron（加密：trx），uniswap，链链接（加密：链接），渲染和沙盒。因此，如果美国政府确实有任何Solana，XRP或Cardano，则价值不到100万美元。考虑到所有这三个加密货币的市值均为250亿美元或更高，这是一个可忽略的数额。

Impact of Digital Asset Stockpile on crypto prices

数字资产库存对加密价格的影响

Over the next 12 months, the creation of the Digital Asset Stockpile will likely have little to no impact on crypto prices. That’s because the U.S. government currently has no intention to buy more of any cryptocurrency.

在接下来的12个月中，数字资产库存的创建可能对加密价格几乎没有影响。那是因为美国政府目前无意购买更多的加密货币。

With the creation of the Strategic Bitcoin Reserve, the Trump White House left open the option to buy new Bitcoin in the future, as long as it could find what it calls a budget-neutral way to do it. But it included no such stipulation about the Digital Asset Stockpile. That’s problematic because many crypto market participants were initially expecting the U.S. Digital Asset Stockpile to pump crypto prices.

随着战略性比特币储备的创建，特朗普白宫将来就可以购买新的比特币，只要它可以找到一种所谓的预算中立方式来购买新的比特币。但这不包括有关数字资产库存的这样的规定。这是有问题的，因为许多加密市场参与者最初都期望美国数字资产库存来促进加密价格。

If you take a closer look at the stockpile’s primary holdings, two of them — Tether and USDC — are stablecoins pegged 1:1 to the U.S. dollar. So it doesn’t matter how much the government buys; they will always be valued at $1. The third primary holding — Binance Coin — is not even tradable on some U.S. cryptocurrency exchanges, due to an ongoing SEC lawsuit. That leaves Ethereum as the primary beneficiary of the U.S. Digital Asset Stockpile.

如果您仔细观察库存的主要持有量，其中两个（Tether和USDC）是稳定的，是将稳定的固定在1：1上。因此，政府购买了多少都没关系。他们的价值将始终为1美元。由于正在进行的SEC诉讼，第三个主要持有（Binance Coin）甚至无法在美国某些加密货币交易所进行交易。这使以太坊成为美国数字资产库存的主要受益者。

I believe XRP, Chainlink, and Tron are the likeliest of the cryptos in the stockpile to get a bounce due to favorable treatment by the government. All appear to have the attention of President Trump or his crypto-affiliated company, World Liberty Financial.

我相信XRP，Chainlink和Tron是库存中最可能的加密货币，因为政府受到了良好的待遇而进行反弹。所有人似乎都引起了特朗普总统或他与加密货币的公司世界自由金融的关注。

Problems with the Digital Asset Stockpile

数字资产库存问题

A number of questions are swirling around the U.S. Digital Asset Stockpile. Most crypto watchers aren’t very enthusiastic about it. One hedge fund manager called it “a pig in lipstick” while another crypto insider said it sets “a horrible precedent.”

在美国数字资产库存周围，许多问题都在盘旋。大多数加密观察者对此并不热心。一位对冲基金经理称其为“口红的猪”，而另一个加密货币内部人士说，它设定了“可怕的先例”。

The U.S. government doesn’t invest in tech stocks, so why should it be in the business of investing in speculative cryptocurrencies that might go to zero? Moreover, there are many potential conflicts of interest, as well as opportunities for wrongdoing by government insiders.

美国政府不投资技术股，那么为什么应该从事投资可能零的投机加密货币的业务呢？此外，有许多潜在的利益冲突，以及政府内部人员不法行为的机会。

Additionally, there are no clear criteria for which cryptos to include or why. With the possible exception of Ethereum, there is nothing particularly “strategic” about any altcoin held by the U.S. government (and certainly not a metaverse coin like The Sandbox).

此外，还没有明确的标准包括哪种加密货币或原因。除了以太坊外，没有什么特别的“战略性”，即美国政府持有的任何Altcoin（当然也不是像沙盒那样的元代币）。

Potential impact on crypto market

对加密市场的潜在影响

At the end of the day, the U.S. Digital Asset Stockpile is likely good for crypto, in that it helps to cement U.S. government support for the crypto industry. It will also help the U.S. government figure out what crypto assets it actually owns and then provide a way to transfer them to what crypto czar David

归根结底，美国数字资产库存可能对加密货币有益，因为它有助于巩固美国政府对加密行业的支持。它还将帮助美国政府弄清楚它实际拥有的加密资产，然后提供一种将它们转移到加密沙皇大卫的方法