Anthony Pompliano has spoken out against Trump’s call to fire Fed Chair Jerome Powell, warning that such a move could damage institutional credibility and hurt crypto. While crypto markets often rally on rate cuts, Pompliano stressed that sacrificing the Fed’s independence for short-term gains is dangerous. Senator Warren echoed similar concerns, saying this could shake investor confidence and harm the U.S. economy.
Though some believe political pressure might lead to a weaker dollar — possibly boosting Bitcoin — experts warn that politicizing the Fed could set a bad precedent. Powell, meanwhile, acknowledged that the climate is shifting, as digital assets are now a growing focus for the central bank.
Conclusion:
Crypto might benefit in the short run, but long-term damage to trust in U.S. institutions could outweigh the gains.
Takeaways:
Pompliano warns firing Powell could hurt Bitcoin, stocks, and confidence.
Senator Warren says it risks market crash and democratic stability.
Powell calls for stablecoin regulation and acknowledges crypto's rise.
A weaker dollar might push investors toward crypto.
Source: Coinpedia
