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. Hidden in the document were two nuclear-level clauses: the Treasury must establish a 'dollar stablecoin' to counter USDT, while ordering the SEC to produce clear token security identification standards within 90 days. Bitcoin promptly surged past $100,000, while Coinbase's stock price experienced wild fluctuations, triggering three trading halts in a single day.

The most astute political calculation was that this executive order was deliberately released on the eve of the Federal Reserve's interest rate meeting. Now Powell is caught in a bind—he must handle Trump's demand for a '500 basis point rate cut' while also addressing the resulting collapse of the dollar. Goldman Sachs' internal model shows that the new policy could lead to $2.3 trillion in capital fleeing the bond market, with one-third of that frantically pouring into Bitcoin ETFs. But the real drama unfolded on Capitol Hill, where Democratic lawmakers suddenly shifted to support crypto regulation, as their donors discovered that the new tax law allows for anonymous political donations using cryptocurrency.