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

This is not only a legal issue but also directly concerns the global financial order. Former Cleveland Fed President Mester bluntly stated that if the president gains the power to systematically remove dissenting board members, 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 market adjustments, and re-pricing in the debt markets.

Simultaneously, the Department of Justice is investigating subpoenas for current Chair Powell. The market generally believes this is paving the way for larger changes after his term ends in 2026.

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