📌 U.S. House Republicans Press Powell on Financial Fraud
🚨 Lawmakers are turning up the heat on the Fed. House Republicans just sent a letter to Chair Jerome Powell, demanding answers on how the Fed is tackling growing financial fraud.
🔑 Key Points:
Lawmakers want clarity on how the Fed monitors and responds to rising fraud risks.
Fraud tied to digital payments & banking services is climbing.
Political spotlight on the Fed is expanding — beyond just interest rates.
📊 Market Takeaway:
This doesn’t shift rate expectations immediately, but it puts Powell under extra political pressure ahead of upcoming meetings.
For crypto, the message is clear: trust in decentralized, transparent systems is growing stronger as traditional finance faces scrutiny.
