#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, the entire Wall Street felt like it was sitting on a volcano—his signed Executive Order No. 77 on the financial system directly sent the cryptocurrency industry soaring. Hidden within the document were two nuclear-level clauses: the Treasury must establish a 'dollar stablecoin' to counter USDT, while ordering the SEC to produce clear standards for token securities within 90 days. Bitcoin promptly broke through $100,000, while Coinbase's stock price experienced three circuit breakers in one day amid wild fluctuations.

The most clever aspect was the political calculation; this executive order was deliberately released on the eve of the Federal Reserve's interest rate meeting. Now Powell is being grilled—he has to handle Trump's demand for a '500 basis point rate cut' while also dealing with the resulting collapse of the dollar. Goldman Sachs' internal models show that the new policy could lead to $2.3 trillion in capital leaving the bond market, with one-third of it frantically flowing into Bitcoin ETFs. But the real drama is on Capitol Hill, where Democratic lawmakers suddenly turned to support cryptocurrency regulation because their backers discovered that the new tax law allows anonymous political donations using cryptocurrencies.