On the 100th day of Trump's inauguration, Wall Street felt like it was sitting on a volcano — the Executive Order No. 77 on the Financial System he signed directly blew the crypto industry sky-high. Hidden within the document are two nuclear-level clauses: the Treasury is to establish a "dollar stablecoin" to counter USDT, and simultaneously orders the SEC to provide clear standards for token securities within 90 days. Bitcoin surged past $100,000, while Coinbase's stock price experienced three circuit breaks in a single day amidst wild fluctuations.

The most ingenious aspect is the political calculation; this executive order was specifically timed for release on the eve of the Federal Reserve's interest rate meeting. Now Powell is under pressure — he has to handle Trump's request 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 leaving the bond market, with one-third of that frantically flowing into Bitcoin ETFs. But the real drama is on Capitol Hill, where Democratic lawmakers suddenly shifted to support crypto regulation because their financial backers discovered that the new tax law allows anonymous political donations using cryptocurrency.