The US Supreme Court is set to rule on a pivotal question: can a sitting president remove Federal Reserve governors without restriction, or does the central bank maintain the independence that Congress designed into its structure?

This case carries major implications for monetary policy. If the president gains broader firing power over Fed officials, it could undermine the Fed's ability to operate free from political pressure—something that's been foundational to its credibility for decades.

For the crypto and broader financial markets, Fed independence matters enormously. An insulated central bank can make hard calls on interest rates and inflation control without worrying about political backlash. That kind of autonomy has historically anchored investor confidence in policy consistency.

On the flip side, some argue the president should have more oversight of the Fed's governance. Either way, the ruling could reshape how monetary policy gets made going forward—and that trickles down to everything from bond yields to crypto valuations.