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 sent the crypto industry soaring. The document concealed two nuclear-level clauses: the Treasury is to establish a "dollar stablecoin" to counter USDT, while ordering the SEC to come up with clear token security identification standards within 90 days. Bitcoin responded by breaking through $100,000, while Coinbase's stock price crazily fluctuated and triggered trading halts three times in a single day.

The most intricate part is the political calculation, as this executive order was purposely released on the eve of the Federal Reserve's interest rate meeting. Now Powell is caught in the crossfire—he has to deal with Trump's demand for a "500 basis point rate cut" while also managing the resulting dollar collapse. Goldman Sachs' internal models show that the new policy could lead to $2.3 trillion in capital fleeing the bond market, with one-third of it frantically flowing into Bitcoin ETFs. But the real drama is on Capitol Hill, where Democratic lawmakers suddenly turned to support crypto regulation because their donors discovered that the new tax law allows anonymous donations to political campaigns using cryptocurrency.

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