<p>作者：雅各布·西尔弗曼（《镀金愤怒：埃隆·马斯克与硅谷的激进化》作者）；翻译：Kaori, Peggy, BlockBeats</p>
<p><strong>编辑注：</strong> 在美国政治历史上，从未有过一位总统将国家权力、个人品牌和金融投机交织成如此全球实验的情况，特朗普是首位。</p>
<p>金钱与权力的结合并不新鲜，但当这种结合以 “代币” 的形式出现，当国家元首的形象被铸造成可交易资产时，当政治影响力可以在区块链上自由流动时，我们所面临的已不再是传统意义上的腐败，而是一种系统性的重构。</p>
<p>本文记录的不是单一丑闻，而是一场范式转变：总统不再仅仅是政治家，而是去中心化经济中最大的货币持有者；外交关系不再通过秘密谈判建立，而是通过钱包地址相连。曾被视为透明和公平的保障的技术，如今威胁着成为新的权力中介。</p>
<p>随着加密货币进入白宫，美元的数字影子与国家意志交织在一起，我们必须重新考虑这个问题：在 “链上主权” 的时代，权力的边界是否仍然存在？</p>
<p>以下是原文。</p>
<h2>权力的新钱包：加密货币如何进入白宫</h2>
<p>如果你是一位试图影响另一位国家元首的威权领导人，你可能会赠送他一架豪华的波音 747；你可能会在他的酒店奢侈消费，或投资于他和他孩子拥有的众多企业；你甚至可能会购买他的运动鞋、NFT 和其他品牌商品。</p>
<p>在特朗普总统的案例中，潜在的 “权力中介” 有更多的选择。但现在，这一切似乎都是多余的。在他的竞选期间，特朗普宣布了自己的加密货币倡议——世界自由金融，并在就职典礼前几天推出了以他名字命名的 “迷因币”。任何购买世界自由代币的人都可以间接为特朗普家族企业提供资金。通过由总统、他的儿子和家族朋友控制的加密项目，特朗普家族积累了数十亿美元的纸面财富。世界自由已成为影响力的强大渠道：任何人——你、我，或一位阿联酋王子——都可以通过购买该公司的代币来使特朗普受益。关键在于这种 “便利”。对于寻求影响力的人来说，装满现金的手提箱和瑞士银行账户已被可以在钱包和交易所之间快速转移的加密代币所取代。更复杂的加密用户——国家行为者、黑客团体和洗钱集团——也可以通过 “混合器” 等工具来模糊他们的交易轨迹。正是这种便利使得加密货币成为犯罪组织和制裁逃避者的首选工具。透明性的幻觉：当腐败以 “去中心化” 的名义进行时，这在美国政治历史上是前所未有的。回顾历届政府的丑闻——格兰特总统周围的腐败官员、哈丁政府期间的 “茶壶鸽子丑闻” 中的石油租赁贿赂，甚至尼克松的水门事件——没有任何丑闻像特朗普这样在如此大规模上混淆个人和政府利益，也没有人从中获得如此巨额的个人利润。这里没有真正的创新。真正 “新颖” 的是现任总统公然利用他的名字、形象和社交媒体影响力来推广与市场上成千上万其他产品几乎无法区分的加密代币。对于支持 “让美国再次伟大” 的支持者和普通投机者来说，购买这些代币可能意味着 “失去一切”。而一位总统引导政治支持者进行如此高风险的投资本质上是令人厌恶的。但更大的风险在于强大的外国势力可能利用这一点向特朗普输送巨额资金。对于任何国家元首来说，购买特朗普的代币或投资于他的加密项目成为一种简单的政治投机行为。这正是特朗普的 “加密捐赠箱” 所创造的扭曲激励。例如，阿联酋最有影响力的人物之一塔赫努恩·本·扎耶德·阿尔·纳哈扬与特朗普的中东特使史蒂夫·维特科夫之间最近发生的两笔数十亿美元的交易。在第一笔交易中，塔赫努恩领导的国有投资基金承诺投资价值 20 亿美元的 USD1 稳定币（由世界自由金融发行）用于投资全球最大的加密交易所币安。（稳定币是旨在保持稳定价值并作为 “数字美元” 替代品的加密货币。）值得注意的是，币安创始人赵长鹏在认罪洗钱后正在寻求特朗普的赦免。在第二笔交易中，维特科夫和特朗普任命的 “人工智能和加密货币主管” 风险投资家大卫·萨克斯促成了一项协议，允许阿联酋购买数十万块用于数据中心建设的高端人工智能芯片。这些芯片在全球人工智能竞赛中备受追捧，并受到严格的出口管制。专家担心这些芯片可能会被阿联酋转售或分享给中国公司。虽然这两笔交易中没有明确的利益交换的确凿证据，但参与者和利益网络显著重叠，公共和私人部门的融合已成为特朗普政府的标志。塔赫努恩使用价值 20 亿美元的 USD1 稳定币本身就引人注目。如果他的唯一目的是投资币安，他本可以直接汇款。选择世界自由金融的 USD1 稳定币作为中介，实际上为一家直接受益于维特科夫和特朗普的公司创造了一个 “造血” 基金。尽管丑闻不断，特朗普的加密活动在相对公开的环境中进行。一些臭名昭著的加密人物甚至在社交媒体上炫耀购买了数千万美元的 WLFI 代币。其中最活跃的是中国加密企业家贾斯廷·孙，他经常在社交媒体上展示自己持有的大量世界自由和特朗普迷因币，定位自己为特朗普加密帝国的关键支持者。今年 2 月，美国证券交易委员会（SEC）请求联邦法官暂停对孙的民事欺诈诉讼，该请求得到了法院的批准。在 5 月，贾斯廷·孙作为特朗普迷因币的主要持有者之一，被邀请参加在特朗普国家高尔夫俱乐部举行的晚宴，并从总统那里获得了一块金表。在过去（几年前），涉及总统的如此明显的利益冲突本应引发国会听证会和执法调查。但最高法院最近关于总统豁免权的裁决使这些监督措施几乎无效。司法部不会起诉在任总统。在他的新任期开始时，特朗普解雇了 18 名监察长——这些关键人物本可以揭露和调查政府的加密活动。今年 2 月，他还命令司法部暂停执行《外国腐败行为法》（禁止贿赂外国官员），直到四个月后。</p>
<p>与此同时，监管机构已将注意力从加密货币行业转移，而特朗普政府则帮助推动了有利于加密行业的立法议程。</p>
<p>特朗普及其后代所积累的加密财富似乎在他的任期内持续扩张。</p>
<p>目前没有任何 “上限” 来阻止外资的持续涌入。这扇门为美国从未见过的最高层级的腐败打开了道路。我们必须面对它带来的黑暗可能性。</p>

特朗普媒体科技集团

<p>《纽约时报》上由雅各布·西尔弗曼撰写的文章讨论了在特朗普总统任内，加密货币与政治权力的交织。文章强调，特朗普的加密货币倡议——世界自由金融（World Liberty Financial）通过政治影响力实现个人盈利，创造了一种新的腐败范式。文章警告，这一转变使外国势力能够向特朗普的项目注入资金，模糊了个人利益与政府利益之间的界限。这种前所未有的情况引发了人们对加密货币在政治交易中影响的担忧，以及滥用权力的潜在风险</p>

<p>Author: Jacob Silverman (author of &#34;Gilded Rage: Elon Musk and the Radicalization of Silicon Valley&#34;); Translated by Kaori, Peggy, BlockBeats</p>
<div class="lb-trans"><p>作者：雅各布·西尔弗曼（《镀金愤怒：埃隆·马斯克与硅谷的激进化》作者）；翻译：Kaori, Peggy, BlockBeats</p>
</div><p><strong>Editor's Note:</strong> Never before in American political history has a president interwoven state power, personal branding, and financial speculation into a global experiment like Trump.</p>
<div class="lb-trans"><p><strong>编辑注：</strong> 在美国政治历史上，从未有过一位总统将国家权力、个人品牌和金融投机交织成如此全球实验的情况，特朗普是首位。</p>
</div><p>The marriage of money and power is not new, but when this union takes the form of &#34;tokens,&#34; when the image of a head of state is minted as a tradable asset, and when political influence can flow freely on a blockchain, what we are facing is no longer corruption in the traditional sense, but a systemic restructuring.</p>
<div class="lb-trans"><p>金钱与权力的结合并不新鲜，但当这种结合以 “代币” 的形式出现，当国家元首的形象被铸造成可交易资产时，当政治影响力可以在区块链上自由流动时，我们所面临的已不再是传统意义上的腐败，而是一种系统性的重构。</p>
</div><p>This article documents not a single scandal but a paradigm shift: the president is no longer just a politician, but the largest holder of currency in the decentralized economy; diplomatic relations are no longer established through secret talks, but linked by wallet addresses. Technology, once seen as a guarantor of transparency and fairness, now threatens to become the new power broker.</p>
<div class="lb-trans"><p>本文记录的不是单一丑闻，而是一场范式转变：总统不再仅仅是政治家，而是去中心化经济中最大的货币持有者；外交关系不再通过秘密谈判建立，而是通过钱包地址相连。曾被视为透明和公平的保障的技术，如今威胁着成为新的权力中介。</p>
</div><p>As cryptocurrency enters the White House, and as the digital shadow of the dollar becomes entangled with national will, we must reconsider the question: In this era of &#34;on-chain sovereignty,&#34; do the boundaries of power still exist?</p>
<div class="lb-trans"><p>随着加密货币进入白宫，美元的数字影子与国家意志交织在一起，我们必须重新考虑这个问题：在 “链上主权” 的时代，权力的边界是否仍然存在？</p>
</div><p>The following is the original text.</p>
<div class="lb-trans"><p>以下是原文。</p>
</div><h2>The New Wallet of Power: How Cryptocurrency Entered the White House</h2>
<div class="lb-trans"><h2>权力的新钱包：加密货币如何进入白宫</h2>
</div><p>If you were an authoritarian leader trying to influence another head of state, you might gift him a luxurious Boeing 747; you might spend lavishly at his hotels or invest in the numerous businesses he and his children own; you might even buy his sneakers, NFTs, and other branded merchandise.</p>
<div class="lb-trans"><p>如果你是一位试图影响另一位国家元首的威权领导人，你可能会赠送他一架豪华的波音 747；你可能会在他的酒店奢侈消费，或投资于他和他孩子拥有的众多企业；你甚至可能会购买他的运动鞋、NFT 和其他品牌商品。</p>
</div><p>In the case of President Trump, potential &#34;power brokers&#34; have a richer menu of options. But now, all of this seems unnecessary. During his campaign, Trump announced his own cryptocurrency initiative, World Liberty Financial, and launched his eponymous &#34;memecoin&#34; just days before his inauguration. Anyone who purchased World Liberty tokens could indirectly funnel funds into the Trump family business. Through crypto projects controlled by the president, his son, and family friends, the Trump family has amassed billions of dollars in paper wealth. World Liberty has become a powerful conduit for influence: anyone—you, me, or an Emirati prince—can enrich Trump simply by purchasing the company's tokens. The key lies in this &#34;convenience.&#34; For influence seekers, suitcases filled with cash and Swiss bank accounts have been replaced by crypto tokens that can be quickly transferred between wallets and exchanges. More sophisticated crypto users—state actors, hacker groups, and money laundering syndicates—can also obscure their transaction trails through tools like &#34;mixers.&#34; It's this convenience that makes cryptocurrency the tool of choice for criminal organizations and sanctions evaders. The Illusion of Transparency: When Corruption Perpetrates in the Name of &#34;Decentralization&#34; This is unprecedented in American political history. Looking back at scandals throughout administration—the corrupt staff around President Grant, the oil lease bribes of the &#34;Teapot Dove Scandal&#34; during the Harding administration, and even Nixon's Watergate scandal—none has ever seen the conflation of personal and government interests on such a scale as Trump's, nor has anyone reaped such enormous personal profits from it. There's nothing truly innovative here. What's truly &#34;novel&#34; is that the sitting president is blatantly leveraging his name, image, and social media influence to promote crypto tokens that are virtually indistinguishable from thousands of other products on the market. To MAGA supporters and ordinary speculators, buying these tokens could mean &#34;losing everything.&#34; And for a president to lead a political supporter in such a risky investment is inherently reprehensible. But the greater risk is that powerful foreign powers could use this to funnel vast sums of money to Trump. For any head of state, buying Trump's tokens or investing in his crypto projects becomes a straightforward act of political speculation. This is precisely the perverse incentive created by Trump's &#34;crypto donation box.&#34; Take, for example, two recent multibillion-dollar transactions between Sheikh Tahnoon bin Zayed Al Nahyan, one of the most influential figures in the UAE, and Steve Witkoff, Trump's Middle East envoy. In the first, a state-owned investment fund led by Tahnoon pledged $2 billion worth of USD1 stablecoins (issued by World Liberty Financial) to invest in Binance, the world's largest crypto exchange. (Stablecoins are cryptocurrencies designed to maintain a stable value and serve as a &#34;digital dollar&#34; alternative.) Notably, Binance founder Changpeng Zhao is seeking a pardon from Trump after pleading guilty to money laundering. In the second transaction, Vitkov and venture capitalist David Sacks, Trump's appointed &#34;AI and Cryptocurrency Chief,&#34; brokered an agreement allowing the UAE to purchase hundreds of thousands of high-end AI chips for data center construction. These chips are highly sought-after in the global AI race and are subject to strict export controls. Experts worry that the chips may be resold or shared with Chinese companies by the UAE. While there is no definitive evidence of a clear exchange of benefits in these two transactions, the participants and networks of interests overlap significantly, and the blending of public and private sectors has become a hallmark of the Trump administration. Tahnoun's use of $2 billion worth of the USD1 stablecoin is intriguing in itself. If his sole purpose was to invest in Binance, he could have simply wired the funds directly. Choosing World Liberty Financial's USD1 stablecoin as an intermediary effectively creates a &#34;blood-making&#34; fund for a company that directly benefits both Vitkov and Trump. Despite the scandal, Trump's crypto activities have largely been conducted in a relatively public setting. Some notorious crypto figures have even boasted on social media about purchasing tens of millions of dollars in WLFI tokens. The most active among them is Chinese crypto entrepreneur Justin Sun, who frequently displays his large holdings of World Liberty and Trump meme coins on social media, positioning himself as a key supporter of Trump's crypto empire. In February of this year, the U.S. Securities and Exchange Commission (SEC) requested a federal judge to halt the civil fraud lawsuit against Sun, a request that was granted by the court. In May, Justin Sun, one of the top holders of Trump's memecoin, was invited to a dinner at Trump National Golf Club in Virginia, where he received a gold watch from the president. In the past (a few years ago), such a clear conflict of interest involving the president would have prompted congressional hearings and law enforcement investigations. But the Supreme Court's recent ruling on presidential immunity has rendered these oversight measures virtually useless. The Department of Justice will not prosecute a sitting president. And at the start of his new term, Trump fired 18 inspectors general—key figures who could have uncovered and investigated government crypto activities. In February, he also ordered the Justice Department to suspend enforcement of the Foreign Corrupt Practices Act (which prohibits bribery of foreign officials) until four months later.</p>
<div class="lb-trans"><p>在特朗普总统的案例中，潜在的 “权力中介” 有更多的选择。但现在，这一切似乎都是多余的。在他的竞选期间，特朗普宣布了自己的加密货币倡议——世界自由金融，并在就职典礼前几天推出了以他名字命名的 “迷因币”。任何购买世界自由代币的人都可以间接为特朗普家族企业提供资金。通过由总统、他的儿子和家族朋友控制的加密项目，特朗普家族积累了数十亿美元的纸面财富。世界自由已成为影响力的强大渠道：任何人——你、我，或一位阿联酋王子——都可以通过购买该公司的代币来使特朗普受益。关键在于这种 “便利”。对于寻求影响力的人来说，装满现金的手提箱和瑞士银行账户已被可以在钱包和交易所之间快速转移的加密代币所取代。更复杂的加密用户——国家行为者、黑客团体和洗钱集团——也可以通过 “混合器” 等工具来模糊他们的交易轨迹。正是这种便利使得加密货币成为犯罪组织和制裁逃避者的首选工具。透明性的幻觉：当腐败以 “去中心化” 的名义进行时，这在美国政治历史上是前所未有的。回顾历届政府的丑闻——格兰特总统周围的腐败官员、哈丁政府期间的 “茶壶鸽子丑闻” 中的石油租赁贿赂，甚至尼克松的水门事件——没有任何丑闻像特朗普这样在如此大规模上混淆个人和政府利益，也没有人从中获得如此巨额的个人利润。这里没有真正的创新。真正 “新颖” 的是现任总统公然利用他的名字、形象和社交媒体影响力来推广与市场上成千上万其他产品几乎无法区分的加密代币。对于支持 “让美国再次伟大” 的支持者和普通投机者来说，购买这些代币可能意味着 “失去一切”。而一位总统引导政治支持者进行如此高风险的投资本质上是令人厌恶的。但更大的风险在于强大的外国势力可能利用这一点向特朗普输送巨额资金。对于任何国家元首来说，购买特朗普的代币或投资于他的加密项目成为一种简单的政治投机行为。这正是特朗普的 “加密捐赠箱” 所创造的扭曲激励。例如，阿联酋最有影响力的人物之一塔赫努恩·本·扎耶德·阿尔·纳哈扬与特朗普的中东特使史蒂夫·维特科夫之间最近发生的两笔数十亿美元的交易。在第一笔交易中，塔赫努恩领导的国有投资基金承诺投资价值 20 亿美元的 USD1 稳定币（由世界自由金融发行）用于投资全球最大的加密交易所币安。（稳定币是旨在保持稳定价值并作为 “数字美元” 替代品的加密货币。）值得注意的是，币安创始人赵长鹏在认罪洗钱后正在寻求特朗普的赦免。在第二笔交易中，维特科夫和特朗普任命的 “人工智能和加密货币主管” 风险投资家大卫·萨克斯促成了一项协议，允许阿联酋购买数十万块用于数据中心建设的高端人工智能芯片。这些芯片在全球人工智能竞赛中备受追捧，并受到严格的出口管制。专家担心这些芯片可能会被阿联酋转售或分享给中国公司。虽然这两笔交易中没有明确的利益交换的确凿证据，但参与者和利益网络显著重叠，公共和私人部门的融合已成为特朗普政府的标志。塔赫努恩使用价值 20 亿美元的 USD1 稳定币本身就引人注目。如果他的唯一目的是投资币安，他本可以直接汇款。选择世界自由金融的 USD1 稳定币作为中介，实际上为一家直接受益于维特科夫和特朗普的公司创造了一个 “造血” 基金。尽管丑闻不断，特朗普的加密活动在相对公开的环境中进行。一些臭名昭著的加密人物甚至在社交媒体上炫耀购买了数千万美元的 WLFI 代币。其中最活跃的是中国加密企业家贾斯廷·孙，他经常在社交媒体上展示自己持有的大量世界自由和特朗普迷因币，定位自己为特朗普加密帝国的关键支持者。今年 2 月，美国证券交易委员会（SEC）请求联邦法官暂停对孙的民事欺诈诉讼，该请求得到了法院的批准。在 5 月，贾斯廷·孙作为特朗普迷因币的主要持有者之一，被邀请参加在特朗普国家高尔夫俱乐部举行的晚宴，并从总统那里获得了一块金表。在过去（几年前），涉及总统的如此明显的利益冲突本应引发国会听证会和执法调查。但最高法院最近关于总统豁免权的裁决使这些监督措施几乎无效。司法部不会起诉在任总统。在他的新任期开始时，特朗普解雇了 18 名监察长——这些关键人物本可以揭露和调查政府的加密活动。今年 2 月，他还命令司法部暂停执行《外国腐败行为法》（禁止贿赂外国官员），直到四个月后。</p>
</div><p>At the same time, regulators have withdrawn their focus from the cryptocurrency sector, and the Trump administration has helped advance a legislative agenda favored by the crypto industry.</p>
<div class="lb-trans"><p>与此同时，监管机构已将注意力从加密货币行业转移，而特朗普政府则帮助推动了有利于加密行业的立法议程。</p>
</div><p>The crypto wealth accumulated by Trump and his descendants appears to be continuing to expand during his term.</p>
<div class="lb-trans"><p>特朗普及其后代所积累的加密财富似乎在他的任期内持续扩张。</p>
</div><p>There is currently no &#34;ceiling&#34; to prevent the continued influx of foreign capital. This door has opened the way to a kind of corruption at the highest level that the United States has never seen. And we must face the dark possibilities it brings.</p>
<div class="lb-trans"><p>目前没有任何 “上限” 来阻止外资的持续涌入。这扇门为美国从未见过的最高层级的腐败打开了道路。我们必须面对它带来的黑暗可能性。</p>
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The New York Times: Trump family's cryptocurrency scam is worse than Watergate