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 directly propelled the cryptocurrency industry to new heights. Hidden in the document were two nuclear-level clauses: the Treasury must establish a 'dollar stablecoin' to counter USDT, and it ordered the SEC to provide clear token securities recognition standards within 90 days. Bitcoin surged past $100,000, while Coinbase's stock price experienced three circuit breakers in a single day amid wild fluctuations.

The most exquisite aspect was the political calculation; this executive order was intentionally released on the eve of the Federal Reserve's interest rate meeting. Now Powell is caught in a dilemma — he must handle Trump's demand for a '500 basis point rate cut' while also addressing the resulting dollar collapse. Goldman Sachs' internal model indicates that the new policy could lead to $2.3 trillion in capital fleeing the bond market, with one-third of that frantically flowing 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 allowed anonymous political donations using cryptocurrency.