#SEC推迟多个现货ETF审批 #Trump's First 100 Days

On the day of Trump's first 100 days in office, Wall Street felt like it was sitting on a volcano—his signed Executive Order No. 77 on the Financial System directly propelled the crypto industry skyward. Hidden within the document were two nuclear-level clauses: the Treasury Department is to establish a 'dollar stablecoin' to counter USDT, while ordering the SEC to produce clear standards for token security determinations within 90 days. Bitcoin surged past $100,000, while Coinbase's stock price experienced wild fluctuations, triggering three trading halts in a single day.

The most exquisite aspect was the political calculation, as this executive order was deliberately released on the eve of the Federal Reserve's interest rate meeting. Now Powell is caught in the crossfire—he has to deal with Trump's demand for a '500 basis point rate cut' while also addressing the ensuing dollar collapse. Goldman Sachs' internal models indicate that the new policy could lead to $2.3 trillion in capital fleeing the bond market, with one-third rushing madly towards Bitcoin ETFs. But the real drama unfolded on Capitol Hill, as Democratic lawmakers suddenly shifted to support crypto regulation because their donors discovered that the new tax law allows for anonymous political donations using cryptocurrency.