President Trump’s Authority to Remove Lisa Cook — Test of Federal Reserve (U.S. central bank) Independence
The case is seen as capable of resetting precedent and as a major measure of central bank autonomy; analysts note potential sentiment effects across Bitcoin and DeFi (decentralized finance) markets.
BTC
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Terms & Concepts
DeFi (decentralized finance): Blockchain-based financial services without intermediaries, including lending, trading, and yield products.
Federal Reserve: The central bank of the United States that sets monetary policy, supervises banks, and manages financial stability.
Central bank independence: The principle that monetary authorities operate free from political pressure to ensure stable inflation and credible policy.