The post Bitcoin Bulls Watch If Trump Tests Power To Fire Fed Chair appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure An emerging legal dispute questions the stability of the Federal Reserve’s long-held independence, prompting speculation among Bitcoin proponents who believe any disruption at the central bank could prove favorable. On April 9, Supreme Court Chief Justice John Roberts reversed a lower-court ruling and, for now, granted US President Donald Trump the authority to dismiss two officials who head independent agencies. While that case alone carries significant implications, Bloomberg reported that these officials’ legal status closely parallels that of Federal Reserve governors, with the final outcome possibly deciding whether a president could remove the Fed chair. Bloomberg Economics declared the Fed’s independence to be “under imminent threat,” describing how the newly reopened legal struggle escalated when Chief Justice Roberts allowed Trump to continue pursuing the dismissal of the two independent agency leaders. Lawyers for these officials must respond by April 15, a date that hints at a likely future argument before the Supreme Court regarding the broader question of presidential powers over independent bodies. The Kobeissi Letter, addressing talk of Trump directly seeking to fire Federal Reserve Chair Jerome Powell, clarified that the president had merely asked the Court to allow him to remove senior leaders at two other independent entities and “did NOT explicitly ask to fire Powell.” Bitcoin Bulls Rejoice The possibility of curtailing the Fed’s autonomy has captivated observers who consider any risk to the central bank’s traditional role a potential catalyst for Bitcoin’s value. Pete Rizzo, host of the Supply Shock podcast, went so far as to call the development “the most bullish thing for Bitcoin imaginable.” Thomas Fahrer, co-founder of Apollo, speculated via X: “Jerome Powell’s independence is very much at risk. The Fed may be printing money and buying Bitcoin to get…

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Filed under: News - @ April 11, 2025 5:23 pm