On the 100th day of Trump's presidency, Wall Street felt like it was sitting on a volcano — the executive order he signed, "Executive Order No. 77 on the Financial System," directly sent the crypto industry skyrocketing. Hidden in the document were two nuclear-level clauses: the Treasury must establish a "dollar stablecoin" to counter USDT, and it ordered the SEC to provide clear token security identification standards within 90 days. Bitcoin immediately surged past $100,000, while Coinbase's stock price experienced wild fluctuations, triggering three circuit breakers in a single day.

The most clever aspect was the political calculation; this executive order was deliberately released on the eve of the Fed's interest rate meeting. Now Powell is being grilled — having to 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 fleeing the bond market, one-third of which is frantically flowing into Bitcoin ETFs. But the real drama unfolded on Capitol Hill, where Democratic lawmakers suddenly collectively turned to support crypto regulation because their donors discovered that the new tax law allows for anonymous donations to political contributions using cryptocurrencies.