The emerging legal dispute questions the stability of the long -term independence of the federal reserve, which prompted speculation among the supporters of Bitcoins, who believe that all disturbances in the central bank may prove to be beneficial. On April 9, the main judge of the Supreme Court, John Roberts, reversed the decision on a lower area and for now granted US President Donald Trump to dismiss two officials who manage independent agencies.
While this case has significant implications, Bloomberg Reported The fact that the legal status of these officials strictly resembles the status of federal reserve governors, and the final result may decide whether the president can remove the chairman of the FED.
Bloomberg Economics announced that the independence of the Fed is “under inevitable threat”, describing how the newly open legal struggle increased when the chief judge Roberts allowed Trump to continue giving up the rejection of two independent agency leaders. The lawyers of these officials must answer until April 15, which indicates the likely future argument before the Supreme Court in the case of a broader issue of presidential rights over independent bodies.
The letter of Kobeissi, addressing Trump’s conversation, who directly sought to the chairman of the Federal Reserve Jerome Powell, explained that the president only asked the court to allow him to remove older leaders in two other independent entities and “did not clearly ask for release of Powell.”
Bitcoin Bulls are ecstatic
The possibility of limiting the autonomy of the fed captivated observers who recognize any risk of the classic role of the central bank as a potential catalyst of Bitcoin value. Pete Rizzo, the host of the Supply Shock podcast, went so far that he called the development “the most stubborn thing for Bitcoin you can imagine.”
Thomas Driver, co -founder of Apollo, speculated Through X: “Jerome Powell independence is very threatened. Fed can print money and buy bitcoins to get some BTC earlier than you think.”
Jack Mallers, founder of the strike, offered The extended perspective in a monthly interview, expressing the belief that “in the next 12 to 36 months we will see drastic changes in monetary policy.” He remembered how President Trump “even suggested that he had some supervision and control over the federal reserve”, asking if such a move would indicate “the way Trump sees how he tames inflation, controlling financial markets, while allowing S&P and assets for greater interest in the people.”
The Maller also asked: “Maybe he wants [Secretary of the Treasury] Bessent is the chairman of the FED and manage the treasure. Is it outside of us? Will Trump exercise its right to further supervision of the Fed? “
The founders of the Strike Center also asked if the administration could apply the profitability curve control to control the entire financial market as a strategy for maintaining assets prices on growth trajectory, while limiting inflation – perhaps at the expense of people with dollars.
“Would this mean and mean that Trump will use a form of control of the yield curve to perform absolute control at both ends of the market and make sure that pumping assets and inflation are relatively tamed at the expense of those who have a dollar? Do what understands by the weaker dollar and strengthen our exports?” Mallers noted.
During the BTC press it traded at USD 81 002.
A distinguished painting created from Dall.e, chart from tradingview.com
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