Federal Reserve Chair Powell recently addressed controversy surrounding grand jury subpoenas issued by the Justice Department, characterizing them as retaliatory measures tied to the Fed's policy decisions. Powell dismissed suggestions that the subpoenas stemmed from his congressional testimony or facility renovation initiatives, instead framing them as a response to monetary policy stances. The statement underscores growing tensions between different branches of government over fiscal and monetary policy direction, which carries downstream implications for market volatility and regulatory sentiment toward financial sectors, including digital assets.