Jerome Powell just pushed back hard against the DOJ probe, framing it as overreach into the Fed's independence. Here's the thing—when central banks feel political pressure, markets react. The crypto market watches Fed policy moves like a hawk, because monetary decisions feed directly into capital flows and risk appetite.

Powell's stance signals the Fed wants breathing room to make autonomous calls on interest rates and policy direction. For traders holding BTC, ETH, or other alts, this matters. Tighter central bank control or external interference could shift the Fed's ability to respond flexibly to economic shocks, which ultimately affects how aggressive they can be with rate cuts or stimulus.

The tension here is real: if the DOJ can weaponize oversight against Fed decisions, it muddles the institution's credibility. Markets hate uncertainty about who's really calling the shots on monetary policy. Keep an eye on how this plays out—it could reshape rate expectations and, by extension, risk asset demand.