The U.S. Supreme Court is about to face a pivotal hearing—regarding a lawsuit in which the Trump administration seeks to dismiss Federal Reserve Board member Cook. A ruling is expected tomorrow, January 21. This case may seem ordinary but actually touches on a century-old issue: whether the independence of the Federal Reserve can withstand political influence.

The core question is straightforward: if the Supreme Court rules in favor of the President, it would mean the President has the power to dismiss Federal Reserve officials at will. In that case, the "legal shield" protecting the Fed as an independent monetary policy maker would become meaningless.

🎯 What impact could this have on the markets?

In the short term, investors might doubt the stability of U.S. dollar policy. If interest rate policies become political tools rather than economic decisions, the appeal of traditional safe-haven assets will decline. Meanwhile, the market may reassess assets like gold and #比特币2026年行情展望 —which are not controlled by a single political system—their defensive attributes will be re-priced.

The longer-term impact is deeper: the global trust in the dollar’s creditworthiness could weaken. If the Federal Reserve gradually loses its independence, the stability of the global monetary system could also decline accordingly. The logic is simple—when the guardians of rules are forced to become tools of power, rule-based financial systems begin to disintegrate.

This is not alarmism. For crypto assets, such events confirm a repeatedly validated logic: when the independence and transparency of traditional financial systems are threatened, markets will naturally seek alternatives. That’s why assets that do not rely on a single political power are becoming increasingly necessary.

What do you think about the direction of this case? How might the Supreme Court’s ruling change market expectations?