#密码资产动态追踪 Powell confronts the Justice Department escalation: Federal Reserve independence faces further scrutiny

$BTC The market is tightening again. The real trigger behind this may not be the rise or fall of cryptocurrency prices, but the future direction of the Federal Reserve.

Jin10 Express reported (January 12) that Federal Reserve Chairman Powell recently clashed directly with the Justice Department — the latter threatened to initiate criminal charges last Friday over his testimony to Congress in June last year, and subpoenas have reportedly been issued. The superficial reason was related to statements about renovating the Federal Reserve building, but Powell's response was straightforward: "That’s not tenable; it’s purely an excuse."

But that’s just the surface. What is the real core issue? Powell hit the nerve — whether the Federal Reserve can still independently set interest rate policies based on economic data and market realities, or if political pressure and threats will hijack decision-making.

What does this mean for the crypto market? Simply put: if the Federal Reserve’s policy space is squeezed and interest rate decisions become unpredictable, then the price anchors for $BTC, $ETH , and other on-chain assets will fail. The market needs a predictable policy framework, not uncertainties.

The question of Federal Reserve independence always triggers market reactions. This time, it’s worth ongoing observation.