FEDERAL RESERVE 🚨 The president overseeing the United States Federal Housing Reserve, Fannie Mae and Freddie Mac, is calling on Congress to investigate the Federal Reserve Chairman, Jerome Powell.
⚖️ KEY CONTEXT
Jerome Powell is the most influential figure in U.S. monetary policy.
A formal investigation could call his leadership at the Fed into question.
This is not just a political criticism: he is accused of lying to Congress, which is serious and could be grounds for impeachment if proven.
This comes at a time when there are already tensions over interest rate decisions, inflation, elections, and the credibility of the financial system.
📉 RISKS FOR TRADITIONAL MARKETS
Doubt about the Fed's independence → fear in institutional markets.
Increased volatility in future interest rates → affects the predictability of the dollar, bonds, and stocks.
Loss of confidence → institutions may seek refuge outside the traditional system.
🟢 And for the crypto market?
🔹 1. Narrative of refuge and institutional distrust
$BTC y $ETH position themselves as assets beyond state control, which is very attractive when institutions show cracks.
If Congress begins to seriously debate Powell's suitability, a narrative is activated:
"If the Fed is not stable, what can we trust?"
Result: flow towards decentralized assets.
📌 Beneficiaries: BTC, ETH, on-chain backed stablecoins, and tokens linked to privacy or financial sovereignty.
🔹 2. Increased pressure for the Fed to pause or cut rates
If the scandal escalates, Powell would have less authority or legitimacy to continue raising rates.
This favors:
Decreases in the dollar (DXY)
Rebound in risk assets
Strong boost to crypto, especially if the SPY also responds positively
🔹 3. Pro-crypto allies like Cynthia Lummis gain weight
Lummis, directly cited in the complaint, is pro-#BTC and part of the block pushing for clear regulations for crypto.
Stay tuned for new information to adjust the overall outlook. 🫡$SOL