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 blew the cryptocurrency industry to the sky. Hidden within the document were two nuclear-level clauses: the Treasury is to establish a 'dollar stablecoin' to counter USDT, while simultaneously 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 a single day amid wild fluctuations.

The most exquisite aspect is the political calculation; this executive order was deliberately issued on the eve of the Federal Reserve's interest rate meeting. Now Powell is caught in a bind — he must handle Trump's demand for a '500 basis point cut' while also addressing the ensuing dollar collapse. Goldman Sachs' internal models indicate that the new policy could lead to $2.3 trillion in capital fleeing the bond market, with a third of that rushing crazily toward Bitcoin ETFs. But the real drama unfolded on Capitol Hill, as Democratic lawmakers suddenly shifted to support crypto regulation, because their funders discovered that the new tax law allows anonymous political donations using cryptocurrency.