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Bitcoin and Ethereum trends are captivating, but the real big event will unfold tomorrow.
The U.S. Supreme Court is set to hear the "Trump vs. Cook" case. On the surface, it appears to be a political lawsuit, but it fundamentally concerns the survival of the century-old Federal Reserve. The core issue is quite sensitive: does the White House have the authority to directly dismiss Federal Reserve governors?
If the court rules in favor of the White House, the President could replace Fed officials at any time. What does this mean? Monetary policy would no longer be independent but instead become a pawn in power struggles. UBS has already issued a warning: Powell's days might be under threat.
Even more alarming details follow—
The Department of Justice is currently investigating the "Fed Renovation Scandal," and speculation suggests this is a move to pave the way for Powell's early removal. Powell's term as a governor is protected until 2028, but if the DOJ's expanding authority is recognized, this term constraint could become as fragile as paper.
What does this mean for the crypto market? The pillars supporting the market—USD, U.S. Treasuries, and central bank credit—are all shaken. Volatility in 2026 could surpass market expectations because the imagination of policy stability is lost.
The question now is not "buying on dips or waiting," but that the underlying logic of the market itself has changed. When even seemingly solid institutions like the Federal Reserve can be politically hijacked, what can investors still rely on?