Federal Reserve Chair Powell will testify before the Supreme Court, openly debating the issue of whether Federal Reserve Board members can be dismissed at will. This judicial showdown involving the boundaries of presidential power is unfolding.

The background of the event is noteworthy—last week, Powell sharply criticized the Trump administration's pressure tactics, accusing them of attempting to force a rate cut decision through subpoenas. Now, personally appearing in court, reflects that the power struggle has escalated to a new level.

The core issue here is: Does the President have the authority to dismiss Federal Reserve Board members at will? It seems like personnel changes, but it actually touches on the bottom line of the central bank's independence. If the President's power gains judicial support, the Fed's policy-making space will be squeezed— for example, the pace and magnitude of rate cuts could become more susceptible to political pressure rather than being solely based on economic data and inflation trends.

What does this mean for the crypto market? Interest rate policies are a key factor influencing asset allocation. If the Fed's independence is weakened, market expectations for future interest rate paths will become more uncertain. Digital assets like BTC, XRP, DASH are highly sensitive to macro liquidity changes—policy uncertainty often triggers short-term volatility.

What do you think will be the outcome of this high-level showdown? Can central bank independence be maintained? How will it reshape market expectations for rate cut timing? Share your observations.