The price of #SEC推迟多个现货ETF审批 75 dollars plummeted to less than 10 dollars, resulting in 813,000 wallets losing over 2 billion dollars, exposing the high-risk characteristics driven by policy. At the industry level, enforcement actions against exchanges like Coinbase have been lifted, and institutions like American banks have begun issuing stablecoins, indicating a more favorable regulatory environment. However, experts warn that excessive reliance on cryptocurrencies may undermine the status of the dollar, and policy uncertainty could still trigger market volatility. Overall, Trump's hundred-day policy has boosted industry confidence while also exacerbating the contradiction between speculative risk and long-term financial stability.