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 blew the crypto industry sky-high. The document contained two nuclear-level clauses: the Treasury must establish a 'dollar stablecoin' to counter USDT, and it ordered the SEC to provide clear token security identification standards within 90 days. Bitcoin promptly broke through $100,000, while Coinbase's stock price experienced three circuit breakers in a single day of wild fluctuations.

The most exquisite part is the political calculation; this executive order was deliberately released on the eve of the Federal Reserve's interest rate meeting. Now Powell is being grilled—he has to handle Trump's demand for a '500 basis point rate cut' while also dealing with the ensuing 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, with one-third rushing into Bitcoin ETFs. But the real drama unfolded on Capitol Hill, where Democratic lawmakers suddenly turned to support crypto regulation because their donors found that the new tax law allows anonymous political donations using cryptocurrency.