On the 100th day of Trump's presidency, Wall Street felt like it was sitting on a volcano — his signed Executive Order No. 77 directly blew the crypto industry into the stratosphere. The document contained two nuclear-level clauses: the Treasury is to establish a 'dollar stablecoin' to counter USDT, and at the same time, the SEC is ordered to provide clear standards for token securities 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 ingenious 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 being grilled — he has to deal with Trump's demand for a '500 basis point rate cut' while also managing the ensuing collapse of the dollar. Goldman Sachs' internal models indicate that the new policy could lead to $2.3 trillion in capital leaving the bond market, a third of which is rushing toward Bitcoin ETFs. But the real drama unfolds on Capitol Hill, where Democratic lawmakers suddenly shifted to support crypto regulation because their donors discovered that the new tax law allows anonymous political donations using cryptocurrencies.