On the 100th day of Trump's inauguration, Wall Street felt like it was sitting on a volcano - the 'Executive Order No. 77 on the Financial System' he signed blew the cryptocurrency industry sky-high. Hidden in the document were two nuclear-level clauses: the Treasury must establish a 'dollar stablecoin' to counter USDT, and the SEC is ordered to provide clear standards for token securities within 90 days. Bitcoin surged past $100,000, while Coinbase's stock price experienced three circuit breakers in a single day amidst wild fluctuations.

What’s most ingenious is the political calculation; this executive order was deliberately announced on the eve of the Federal Reserve's interest rate meeting. Now Powell is being grilled - he has to 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 leaving the bond market, with a third of that frantically flowing into Bitcoin ETFs. But the real drama is on Capitol Hill, where Democratic lawmakers suddenly collectively shifted to support cryptocurrency regulation because their big donors discovered that the new tax law allows anonymous donations using cryptocurrency.