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

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 cryptocurrency industry to new heights. The document contained two nuclear-level clauses: the Treasury must establish a "Dollar Stablecoin" to counter USDT, while ordering the SEC to clarify the token security determination standards within 90 days. Bitcoin surged past $100,000, while Coinbase's stock price experienced three circuit breakers in a single day amidst wild fluctuations.

The most intricate aspect is the political calculation; this executive order was intentionally released on the eve of the Federal Reserve's interest rate meeting. Now Powell is caught in a bind—he must deal with Trump's demand for a "500 basis point rate cut" while also addressing the resulting dollar collapse. Goldman Sachs' internal models indicate that the new policy could lead to $2.3 trillion in capital exiting the bond market, with one-third rapidly flowing into Bitcoin ETFs. But the real drama unfolded on Capitol Hill, as Democratic lawmakers suddenly shifted to support cryptocurrency regulation because their backers realized that the new tax law allows for anonymous political donations using cryptocurrency.