Collins from the Federal Reserve just dropped a key point on why Congress set things up the way they did—giving the Fed operational independence to make the hard calls without political pressure breathing down their neck.

Here's why this matters for us in crypto: when central banks can act independently, they're theoretically making decisions based on data rather than election cycles. That's supposed to mean consistent policy frameworks. But in reality? Every rate hike or pause still moves markets like crazy.

The independence argument cuts both ways. On one hand, it shields policy from short-term political games. On the other, it concentrates massive power in unelected officials. Crypto folks have always been skeptical about centralized monetary authority anyway—that's literally why Bitcoin exists.

What Collins is essentially saying is that Congress accepted they needed to step back on day-to-day decisions, even though they hold the ultimate legislative authority. It's the classic tension between maintaining institutional credibility and democratic accountability.

For traders watching macro cycles, the takeaway is simple: Fed independence means their policy path tends to stay disciplined regardless of external noise. That predictability—or lack thereof—ripples through Bitcoin, altcoin markets, and DeFi yields. Keep an eye on how this independence actually plays out when economic pressures mount.