加密迎风起，风险亦随行：特朗普上任半年全面回顾

Core Viewpoint - Trump's significant shift in attitude towards cryptocurrency during the 2024 presidential election, actively courting the crypto community and becoming the first major party candidate to accept cryptocurrency donations [2][3] Fundraising and Donations - In Q2 2024, Trump's campaign committee raised approximately $3 million through crypto assets, with around $2 million coming from 19 individual donors in the crypto sector [3] - Notable donations included $1 million in Bitcoin from Tyler and Cameron Winklevoss, $845,000 in Ethereum from Jesse Powell, and $300,000 in XRP from Stuart Alderoty [3] - Trump's fundraising efforts included a private event at the Nashville Bitcoin conference, raising up to $21 million in a single event [3] - The total contributions from the crypto industry are reported to be in the tens of millions to potentially billions, making it a significant portion of corporate donations for 2024 [3] Policy Stance - Trump emphasized ending the Biden administration's crackdown on the crypto industry and pledged to make the U.S. a global leader in cryptocurrency [4] - He supports stablecoins pegged to the dollar, opposes government-issued central bank digital currencies (CBDCs), and promises to protect self-custody wallet users from regulatory interference [4] - Trump's campaign image is shaped by a "market freedom, anti-regulation" stance, making the crypto community a crucial part of his political base [4] Regulatory Changes - After taking office, Trump began to implement his campaign promises, reassessing and adjusting some of the Biden administration's regulatory measures on crypto [4] - The SEC delayed the implementation of certain stablecoin issuance regulations, positively impacting market sentiment and leading to price increases for some digital assets [4] - The U.S. Department of Energy issued new guidelines encouraging the use of renewable energy for Bitcoin mining, resulting in U.S. publicly listed Bitcoin miners achieving a historical high of approximately 31.5% of global network hash rate by June [4] Appointments and Organizational Changes - Trump appointed Mark Uyeda as acting SEC chair and nominated Paul S. Atkins, a proponent of loose regulation, as SEC chair [5] - The establishment of the "Digital Assets and AI Affairs Office" led by David Sacks aims to coordinate crypto policy and legislation [5] - The SEC formed a "Crypto Assets Special Working Group" under the leadership of Hester Peirce, known as "Crypto Mom" [5] Personal Involvement and Market Impact - Trump's personal and familial involvement in the crypto space includes the launch of personal tokens, TRUMP and MELANIA coins, which saw significant price increases [6] - His son, Donald Trump Jr., has participated in Web3 and NFT events and invested in several blockchain projects [7] - Trump's actions to influence Federal Reserve personnel and policies, including calls for rapid interest rate cuts, may create short-term benefits for the crypto market but raise concerns about the independence of the Fed and long-term market stability [7][8] Conclusion - Trump's "crypto vision" is advancing, but the interplay between industry and political power carries complex political costs and financial risks [9]