#美国民主党BlueVault Trump's political pressure on Powell ultimately reinforced the independence of the Federal Reserve, and the impact of this turmoil on the cryptocurrency market may be severely underestimated.

The core logic of the event is quite clear: in order to push for interest rate cuts, Trump’s team revived an investigation through the Federal Reserve building renovation project, attempting to use judicial pressure to change Powell’s policy stance. But Powell’s response was unusually firm, outright stating that this was a blatant interference with the central bank’s independence. This statement quickly garnered support from former Fed chairs, and the global banking system, Wall Street institutions, and even bipartisan lawmakers all sided with Powell.

What was the result? Trump’s pressure not only failed to achieve its goal but instead made the independence of the Fed a focal point of global financial discourse, significantly boosting Powell’s credibility.

The impact on the crypto market can be seen in three dimensions:

First, the credibility of the US dollar is shaken. When the independence of the central bank of the world’s largest economy is challenged, the safety of traditional reserve assets is re-evaluated. $BTC and other cryptocurrencies, as politically neutral stores of value, attracted a large influx of safe-haven capital, showing clear risk-averse characteristics in the short term.

Second, expectations of rate cuts become more complex. Strengthening Powell’s authority means greater autonomy in monetary policy, which in turn weakens market expectations for rapid rate cuts. However, Trump is likely to continue exerting pressure, increasing overall policy uncertainty. In a high-volatility environment, this actually favors the relative performance of risk assets.

Finally, and most critically: the revaluation of the value of decentralization. When conflicts among centralized authorities become apparent, people begin to reconsider what is trustworthy. Cryptographic networks, which are not constrained by a single political system and maintained through cryptography rather than credit chains, have their core value proposition become especially prominent.

The irony of this event is that Trump initially aimed to gain control over economic policy, but instead delivered a powerful narrative pivot for the entire crypto ecosystem. From the market’s performance, it’s clear that the influence of this pivot has only just begun to manifest.