#PowellVsTrump
The clash between Trump and Powell revolves around interest rates and the Federal Reserve's independence. Trump has been vocal about lowering interest rates to boost economic growth, while Powell prioritizes controlling inflation.
Key Points:
Interest Rate Disagreement*: Trump wants lower rates, while Powell is cautious due to inflation concerns.
- *Federal Reserve Independence*: Trump's attempts to influence the Fed's decisions have sparked debate about the central bank's independence.
*Recent Developments:*
- Trump signed an executive order to establish a Strategic Bitcoin Reserve, aiming to secure the US' digital asset strategy.
- The US House of Representatives is debating three major crypto bills: the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act.¹ ²
*Market Impact:*
- Bitcoin's price surged past $120,000 earlier this week, largely in anticipation of clearer regulatory frameworks.
- Analysts predict that if the bills pass, Bitcoin could reach $125,000, and stablecoins would see a wave of new entrants.
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