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

On the hundredth day of Trump's presidency, Wall Street felt like it was sitting on a volcano — the executive order he signed, "Executive Order 77 on the Financial System," directly propelled the cryptocurrency industry to new heights. Hidden within the document are two bombshell clauses: the Treasury is to establish a "dollar stablecoin" to counter USDT, while also ordering the SEC to provide clear standards for token securities within 90 days. Bitcoin promptly broke through $100,000, while Coinbase's stock price experienced three circuit breakers in a single day amidst wild fluctuations.

The most cunning aspect is the political calculation; this executive order was intentionally released on the eve of the Federal Reserve's interest rate meeting. Now Powell is under intense pressure — he must deal with Trump's demand for a "500 basis point rate cut" while also addressing the resulting 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, a third of which is rushing into Bitcoin ETFs. But the real drama is 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 cryptocurrency.