#SEC推迟多个现货ETF审批 #Trump's First 100 Days

On the day of Trump's first 100 days in office, Wall Street felt like it was sitting on a volcano—his signed Executive Order No. 77 on the Financial System directly sent the crypto industry skyrocketing. The document hides two nuclear-level clauses: the Treasury is to establish a 'dollar stablecoin' to counter USDT, while ordering the SEC to present clear token security identification standards within 90 days. Bitcoin soared past $100,000, while Coinbase's stock price experienced wild fluctuations and triggered trading halts three times in one day.

The most intricate 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—he must deal with Trump's demand for a '500 basis point rate cut' while also addressing the ensuing collapse of the dollar. Goldman Sachs' internal models indicate that the new policy could lead to $2.3 trillion in capital fleeing the bond market, with one-third of that rushing towards Bitcoin ETFs. But the real drama unfolded on Capitol Hill, as Democratic lawmakers suddenly shifted to support crypto regulation, because their financial backers discovered that the new tax law allows for anonymous political donations using cryptocurrency.