On the 100th day of Trump's presidency, Wall Street felt like it was sitting on a volcano—his signed "Executive Order 77 on the Financial System" directly propelled the cryptocurrency industry skyward. The document hid two nuclear-level clauses: the Treasury must establish a "dollar stablecoin" to counter USDT, while also ordering the SEC to provide clear token security identification standards within 90 days. Bitcoin surged past $100,000, while Coinbase's stock price experienced wild fluctuations, hitting a circuit breaker three times in a single day.

The most clever aspect was the political calculation, as this executive order was intentionally released on the eve of the Federal Reserve's interest rate meeting. Now Powell is under pressure—having to deal with Trump's demand for a "500 basis point cut", while also addressing the resulting dollar collapse. Goldman Sachs' internal models indicate that the new policy could lead to $2.3 trillion in capital fleeing the bond market, one-third of which is rushing into Bitcoin ETFs. But the real drama unfolded on Capitol Hill, as Democratic lawmakers suddenly shifted to support cryptocurrency regulation, because their financial backers discovered that the new tax law allows for anonymous donations of political contributions using cryptocurrency.