On the 100th day of Trump's presidency, 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 concealed two nuclear-level clauses: the Treasury is to establish a 'dollar stablecoin' to counter USDT, while ordering the SEC to provide clear token security identification standards within 90 days. Bitcoin surged past $100,000, while Coinbase's stock price experienced three circuit breakers in one day amid wild fluctuations.

The most ingenious part 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 has to handle 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 leaving the bond market, one-third of which is rushing toward Bitcoin ETFs. But the real drama is on Capitol Hill, where Democratic lawmakers suddenly turned to support cryptocurrency regulation, as their donors discovered that the new tax law allows anonymous donations to political contributions using cryptocurrencies.