#数字资产市场动态 $ARPA $ETH The Federal Reserve hearing is coming—Powell's showdown with Trump is set.

This Wednesday, Fed Chair Powell will appear before the Supreme Court. It's not a routine speech but a direct confrontation. The background is explosive: Trump aims to oust Fed Governor Cook, accusing him of loan fraud. Cook of course denies it and has countersued.

It sounds like palace intrigue, but for the crypto market, this is a major event. If Trump’s side succeeds, the power structure of the Federal Reserve Board could be rewritten. At that point, how much independence will the Fed still have? This directly relates to the direction of monetary policy—and assets like $BTC and $ETH are heavily influenced by Fed policy expectations.

Even more interesting, Powell himself is involved in a criminal investigation. Against this backdrop, he has chosen to appear in person, essentially fighting for the Fed’s autonomy. The Supreme Court hearing may seem like a legal issue on the surface, but in reality, it’s a battle over who controls the financial lifeline of the United States.

Global traders are watching. Because this not only affects the Fed’s upcoming monetary policy pace but also impacts the liquidity environment of the entire crypto market. When the Fed moves, global capital flows follow suit.