#trumphvspowell

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U.S. House Representative Anna Paulina Luna accuses Federal Reserve Chairman Powell of perjury twice, involving false statements about building renovations and project costs, which could lead to up to 5 years in prison.

This situation is too dramatic; Powell has stumbled in Congress this time, feeling like a political show, but the impact on the crypto market is enormous. The credibility of the Federal Reserve being shaken could accelerate expectations for interest rate cuts.

Combined with Yardeni Research's prediction of no change in interest rates in July, this perjury scandal may push up safe-haven assets like Bitcoin. It is recommended to pay attention to ETF inflows and continue to hoard BTC to guard against volatility.

In the upcoming week, the stock market and crypto will be more closely linked, and Powell's response will be a key turning point.