Supply Shock
Jerome Powell's WORST Nightmare: TRUMP & BITCOIN?! | Weekly Roundup
Apr 17, 2025
In this engaging discussion, Michael McSweeney, Editor at Blockworks, shares insights on the reshaping crypto policies in China and Asia. He humorously debates whether McDonald's should adopt Bitcoin. The conversation heats up as they delve into Trump's recent crypto venture and his meeting with El Salvador's Bukele. They also tackle the Supreme Court's decision affecting Trump's control over independent agencies, exploring its potential impact on crypto regulations amid evolving political landscapes. Brace for some intriguing revelations!
59:01
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Quick takeaways
- The podcast discusses the potential for Trump to alter the Federal Reserve's dynamics by firing key officials like Jerome Powell, raising concerns over monetary independence.
- There's a noticeable shift in the cryptocurrency sector towards Bitcoin, especially as confidence in other cryptocurrencies declines amidst evolving market conditions.
Deep dives
Trump's Desire to Control the Federal Reserve
There are indications that former President Trump is seeking to leverage his authority to fire key officials within independent agencies, including the Federal Reserve. He has reportedly expressed interest in whether he could dismiss Jerome Powell, the Fed Chair, raising concerns about the independence of the Federal Reserve. This potential power shift suggests a significant political maneuvering aimed at placing the executive branch at the forefront of monetary policy, challenging traditional boundaries set by Congress. The implications of such actions could redefine the balance of power between the White House and the nation’s central banking system.
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