#Strategy加仓BTC The Federal Reserve's independence faces its biggest test in a decade. A Supreme Court lawsuit is becoming a focal point—after Board Member Lisa Cook was impeached, she filed a lawsuit, with the core issue being: can the presidential executive power override the protections for central bank directors under the Federal Reserve Act?

This is not only a legal issue but also directly related to the global financial order. Former Cleveland Fed President Mester explicitly stated that once the president gains the power to systematically remove dissenting directors, market confidence in the Fed's monetary policy independence will be severely shaken. UBS's research team pointed out that such uncertainty could trigger dollar depreciation, stock adjustments, and re-pricing in the debt market.

Simultaneously, there is also a subpoena investigation by the Department of Justice into current Chair Powell. The market generally believes this is paving the way for a larger change after his term ends in 2026.

From an investment perspective, when central bank independence involves political risks, markets tend to seek asset diversification for hedging. This explains why, under such macro uncertainties, the demand for non-sovereign assets like $BTC, $ETH continues to grow. The global asset allocation landscape is quietly adjusting— the stability assumption of the dollar system needs to be reassessed, and the correlation among various risk assets is also changing. The upcoming court ruling will become an important indicator for the global financial markets in 2025.