唐纳德·特朗普（Donald Trump）的加密货币公司（Crypto Venture

唐纳德·特朗普总统在7月在纳什维尔举行的2024年比特币会议上发表讲话。 （AP照片/标记...更多汉弗莱，文件）

Former President Donald Trump’s crypto venture has launched its stablecoin on an exchange recently banned from the United States after it admitted to violating anti-money laundering laws and agreed to pay a $300 million fine.

前总统唐纳德·特朗普（Donald Trump）的加密货币公司（Donald Trump）在承认违反反洗钱法律并同意支付3亿美元的罚款后，最近在美国被禁止的交易所发起了稳定的股票。

Donald Trump, former president of the United States, speaks at the Bitcoin 2024 Conference, Wednesday, July 24, 2024, in Nashville. (AP Photo/Mark Humphrey, File)

美国前总统唐纳德·特朗普（Donald Trump）在2024年7月24日星期三在纳什维尔举行的2024年比特币会议上发表讲话。 （AP照片/Mark Humphrey，文件）

Key Facts

关键事实

Trump is also the chief crypto advocate and inspiration for World Liberty Financial, a decentralized finance platform launched in September 2024 with the involvement of his three sons.

特朗普还是世界自由金融的首席加密辩护人和灵感，这是一个分散的金融平台，于2024年9月推出，他的三个儿子参与。

Trump and his family control about 60% of the company through an LLC, according to World Liberty Financial’s website.

根据World Liberty Financial的网站，特朗普和他的家人通过LLC控制了该公司的60％。

World Liberty Financial’s USD1 stablecoin, a cryptocurrency whose value is pegged to the U.S. dollar, began trading Wednesday on KuCoin, a crypto exchange headquartered in the Seychelles.

World Liberty Financial的USD1 Stablecoin是一种加密货币，其价值与美元挂钩，周三开始在总部位于塞舌尔的加密货币交易所Kucoin上进行交易。

KuCoin pleaded guilty in the United States earlier this year to one count of operating an unlicensed money transmitting business, agreeing to pay nearly $300 million in penalties and exit the U.S. market for at least two years.

Kucoin今年早些时候在美国认罪，涉及一项未经许可的货币传输业务的罪名，同意支付近3亿美元的罚款，并至少退出美国市场两年。

KuCoin’s indicted cofounders, Chun Gan and Ke Tang, also agreed to no longer have any role in the company’s management or operations, according to the Justice Department, which has deferred prosecution against them for two years.

司法部称，库科因（Kucoin）被起诉的联合创始人Chun Gan和Ke Tang也同意不再在公司的管理或行动中发挥任何作用。

A spokesperson for the White House did not immediately respond to a request for comment, while spokespeople for World Liberty Financial, the Trump Organization and KuCoin declined to comment.

白宫的发言人没有立即回应置评请求，而世界自由金融，特朗普组织和库科因拒绝置评。

Key Background

关键背景

Trump can earn income from his businesses while in office through the Donald J. Trump Revocable Trust, the same structure he used during his first term. He is its sole donor and beneficiary, while Donald Trump Jr. serves as the trustee. The Trump Organization confirmed in an April court filing in Britain that Trump retains control over his businesses. As president, he has pledged to make the United States the “crypto capital of the world,” aligning with his expanding investments in digital assets.

特朗普可以通过唐纳德·J·特朗普（Donald J. Trump）可撤销信托（Donald J. Trump）在任期中的结构中的第一学期与他的业务收入。他是其唯一的捐助者和受益人，而小唐纳德·特朗普（Donald Trump Jr.）担任受托人。特朗普组织在4月份在英国的一份法院申请中证实，特朗普保留了对他的业务的控制权。作为总统，他承诺将美国成为“世界的加密首都”，与他对数字资产的不断投资保持一致。

What To Watch For

要注意什么

While there’s no evidence World Liberty Financial and KuCoin’s talks mentioned the plea agreement it reached with the Justice Department earlier this year, other Trump business associates have personally benefited from his administration’s actions. For example, Chinese blockchain entrepreneur Justin Sun invested $30 million in World Liberty Financial tokens just weeks after Trump’s election. Shortly after Trump’s inauguration, Trump’s SEC asked a judge to pause its fraud case against Sun to “explore a potential resolution.”

尽管没有证据表明世界自由财务和库康的谈判都提到了与司法部今年早些时候达成的认罪协议，但其他特朗普商业伙伴也从他的政府的行动中受益。例如，中国区块链企业家贾斯汀·孙（Justin Sun）在特朗普当选后几周就向世界自由金融代币投资了3000万美元。特朗普就职后不久，特朗普的SEC要求法官暂停其针对太阳的欺诈案，以“探索潜在的解决方案”。

Chief Critic

首席评论家

“For years, KuCoin disregarded required anti-money laundering policies designed to identify criminal actors and prevent illicit transactions,” U.S. Attorney for the Southern District of New York Danielle R. Sassoon said in a statement announcing the plea deal. “As a result, KuCoin was used to facilitate billions of dollars’ worth of suspicious transactions and to transmit potentially criminal proceeds, including proceeds from darknet markets and malware, ransomware, and fraud schemes.”

“多年来，库康无视旨在识别犯罪行为者并防止非法交易的要求的反洗钱政策，”纽约南部地区的美国检察官丹妮尔·R·萨桑（Danielle R. Sassoon）在宣布认罪协议的一份声明中说。 “因此，库京被用来促进价值数十亿美元的可疑交易，并传递潜在的犯罪收益，包括来自Darknet市场和恶意软件，勒索软件和欺诈计划的收益。”

Crucial Quote

关键报价

“It’s not terribly surprising to me,” Molly White, a crypto researcher, told Forbes of USD1’s trading on KuCoin. “It's also listed on [crypto exchanges] HTX and MEXC, neither of which serve U.S. customers for regulatory reasons.”

加密研究员莫莉·怀特（Molly White）告诉《福布斯》（Forbes of Kucoin）的福布斯（Forbes），“这对我来说并不奇怪。” “它还在[加密交易所] HTX和MEXC上列出，它们都不出于监管原因为我们的客户提供服务。”

What We Don’t Know

我们不知道的

The terms of the deal between World Liberty Financial and KuCoin are not clear. Typically both parties earn trading fees, while some exchanges also charge listing fees and generate additional profits from market making, White said.

世界自由金融与库科因之间的交易条款尚不清楚。怀特说，通常双方都可以收取交易费，而某些交易所也收取上市费用并从市场赚钱中获得额外的利润。

Contra

反对

An ethics white paper the Trump Organization released earlier this year noted the Constitution does not bar a president from owning, operating or managing a private business. But to “avoid even the appearance of any conflict,” the company said it hired an outside ethics adviser and Trump pledged to continue to keep his assets in a trust and not manage the company directly. (The Trump Organization has since fired that adviser at Trump’s instruction.)

特朗普组织今年早些时候发布的一份伦理白皮书指出，宪法并不禁止总统拥有，经营或管理私人企业。但是，该公司表示，“甚至避免出现任何冲突”，它聘请了外部道德顾问，特朗普承诺继续将其资产保留在信托中，而不是直接管理公司。 （此后，特朗普组织在特朗普的指示下解雇了该顾问。）

Surprising Fact

令人惊讶的事实

Trump once called for heavy regulation of crypto, telling Fox Business last year, “I don't think we should have all of the bitcoins of the world out there.”

特朗普曾经呼吁对加密货币进行严格的监管，并去年告诉福克斯业务：“我认为我们不应该拥有世界上所有的比特币。”

News Peg

新闻钉

Senate Democrats introduced the End Crypto Corruption Act earlier this month, which would bar presidents and other officials from “issuing, endorsing or sponsoring crypto assets.”

参议院民主党本月初介绍了《结束加密腐败法》，这将禁止总统和其他官员“发行，认可或赞助加密资产”。

Small World

小世界

U.S. Attorney Danielle Sassoon, who announced KuCoin’s plea deal, later resigned after the Justice Department sought to drop corruption charges against New York City Mayor Eric Adams.

美国检察官丹妮尔·萨桑（Danielle Sassoon）宣布了库科因的认罪协议，后来辞职后司法部试图撤销对纽约市市长埃里克·亚当斯（Eric Adams）的腐败指控。

What Are Decentralized Finance And Stablecoins?

什么是分散的金融和稳定的？

Decentralized finance (DeFi) platforms like World Liberty Financial let users trade, borrow and lend crypto without banks. Stablecoins—such as the USD1 token—are digital currencies pegged to a traditional asset, like the U.S. dollar. The firms behind stablecoins typically profit from trading fees and interest earned on deposits.

世界自由金融等分散的金融（DEFI）平台让用户可以贸易，借用和借用银行的加密货币。 Stablecoins（例如USD1代币）都是数字货币固定在传统资产上，例如美元。 Stablecoins背后的公司通常会从存款中获得的交易费和利息中获利。

Forbes Valuation

福布斯估值

We estimate Donald Trump is

我们估计唐纳德·特朗普是