On the 100th day of Trump's inauguration, the entire Wall Street felt like sitting on a volcano — the executive order No. 77 on the financial system that he signed directly blew the cryptocurrency industry into the stratosphere. Hidden in the document are two nuclear-level clauses: the Treasury is to establish a 'dollar stablecoin' to counter USDT, while simultaneously ordering the SEC to produce clear standards for token securities within 90 days. Bitcoin surged past $100,000, while Coinbase's stock price faced insane fluctuations, triggering three circuit breakers in one day.

The most exquisite aspect is 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 deal with Trump's demand for a '500 basis point rate cut' while also managing the resulting 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 madly pouring into Bitcoin ETFs. But the real drama is on Capitol Hill, where Democratic lawmakers suddenly shifted to support cryptocurrency regulation because their benefactors discovered that the new tax law allows anonymous political donations using cryptocurrencies.