2026-01-12 01:02:00

Federal Reserve Chair Jerome Powell issued a statement on January 11th stating that the Department of Justice has delivered a grand jury subpoena to the Federal Reserve. The subpoena is related to Powell's scheduled testimony before the Senate Banking Committee in June 2025 and involves the threat of criminal charges. According to the statement, part of the testimony concerns the renovation projects of the Federal Reserve's historic office building over the years.

This move has attracted market attention. As the leader of the world's most important central bank, Powell's remarks and decisions directly influence the US dollar's movement and global financial market expectations. The Federal Reserve's policy stance also has a profound impact on the liquidity environment of the cryptocurrency market. The Department of Justice's involvement adds an element of uncertainty to the Federal Reserve's operations.

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0xOverleveraged

· 20h ago

Wait, what's going on? Can Powell still be sued? --- Building renovation projects can even lead to criminal cases. Truly incredible. --- NGI, now the Federal Reserve has a reason to speak. Uncertainty is piling up. --- Subpoenas, criminal cases, Department of Justice... It feels very deep. --- The liquidity environment was already fragile, and this makes it even more chaotic. --- Office building renovations making the news—ridiculous. --- Is Powell courting death, or is there another hidden reason? --- The testimony in June will probably be asked about to death. The tone has now changed. --- The central bank being targeted by the Department of Justice is another variable for the crypto world.

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TopBuyerForever

· 20h ago

Is Powell being subpoenaed? This means the Federal Reserve is really in trouble, and the crypto circle is once again in the spotlight.

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CryptoSurvivor

· 20h ago

Powell summoned? Looks like the Federal Reserve is in trouble, and the crypto circle is about to get chopped again.

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HalfBuddhaMoney

· 21h ago

Huh? Renovating office buildings now leads to criminal charges? The Fed's move is really outrageous. The subpoenas are out, and we're still talking about policies... Now the dollar will be even more chaotic, what about our liquidity? Wait, is this really enough for a grand jury? Feels suspicious. Powell will have to come clean in June, and the market will have to dance then... Waiting for the variables. The Department of Justice is taking it seriously now, but whether this is good news or bad news for the crypto world is really hard to say.

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ForkItAllDay

· 21h ago

Powell summoned? Looks like the Federal Reserve might be in trouble... But honestly, even office building renovations can be escalated to criminal issues, this logic is a bit hard to hold up. The US dollar policy has been full of twists and turns, and the liquidity in the crypto circle needs to be watched more carefully.

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DeFiGrayling

· 21h ago

Is Powell being summoned? Now the Federal Reserve is in trouble, but about the building renovation... does it really require criminal charges? It seems a bit outrageous.

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