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 crypto industry to the sky. Hidden in the document are two nuclear-level clauses: the Treasury must establish a 'dollar stablecoin' to counter USDT, while ordering the SEC to come up with clear standards for token securities within 90 days. Bitcoin surged past $100,000, while Coinbase's stock price experienced wild fluctuations and triggered trading halts three times in one day.

The most exquisite part 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 a bind—he must deal with Trump's demand for a '500 basis point cut' while also addressing the ensuing dollar collapse. Goldman Sachs' internal model shows that the new policy could lead to $2.3 trillion in capital fleeing the bond market, with one-third of that frantically pouring into Bitcoin ETFs. But the real drama is on Capitol Hill, where Democratic lawmakers suddenly shifted to support crypto regulation because their backers discovered that the new tax law allows anonymous donations to political contributions using cryptocurrency.