On the 100th day of Trump's inauguration, Wall Street felt like it was sitting on a volcano—his signed Executive Order No. 77 on the financial system blew the crypto industry into the stratosphere. The document hid two nuclear-level clauses: the Treasury must establish a 'dollar stablecoin' to counter USDT, while ordering the SEC to produce clear standards for token security classifications within 90 days. Bitcoin immediately surged past $100,000, while Coinbase's stock price experienced three circuit breakers in a single day amid wild fluctuations.

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 caught in the crossfire—having to deal with Trump's demand for a '500 basis point rate cut' while also managing the resulting dollar collapse. Goldman Sachs' internal models predict the new policy could lead to $2.3 trillion in capital fleeing the bond market, with one-third frantically pouring into Bitcoin ETFs. But the real drama unfolded on Capitol Hill, where Democratic lawmakers suddenly united in support of crypto regulation because their donors discovered that the new tax law allows anonymous donations to political campaigns using cryptocurrency.