The brilliance of this political calculation is that this executive order was deliberately issued on the eve of the Federal Reserve's interest rate meeting. Now Powell is being put on the spot—he has to deal with Trump's demand for a "500 basis point rate cut" while also facing the resulting collapse of the dollar. Goldman Sachs' internal models indicate that the new policy could lead to $2.3 trillion of capital fleeing the bond market, with one-third frantically pouring into Bitcoin ETFs. But the real drama is on Capitol Hill, where Democratic lawmakers suddenly collectively shifted to support cryptocurrency regulation, as their donors discovered that the new tax law allows for anonymous political donations using cryptocurrency.