#数字资产市场动态 The lawsuit at the Supreme Court involves far more than it appears on the surface.$ETH

The focus is sharp—can the White House directly replace Federal Reserve Board members? This is not a legal technicality but touches on the most vulnerable part of the dollar system: does the central bank truly have independence?

If the court rules in favor of the White House, the consequences are straightforward. Fed Chair Jerome Powell, for example, might be replaced one day because his policies do not align with the current administration's wishes. Interest rate policies would shift from obeying economic laws to following electoral politics. The financial stability mechanism that has lasted over a century could quickly turn into a political tool.

Major financial institutions have already begun to sound the alarm. They understand well—once judicial rulings shake the Fed’s independence, market confidence in the Fed will collapse entirely. The chain reaction will affect the dollar, US stocks, and US bonds, impacting the entire financial system. Smart capital has already sensed the risk and is reconfiguring its asset allocations. As a decentralized alternative, crypto assets’ hedging value and independence are being reevaluated.

If the underlying rules of traditional finance start to shake, the narrative of decentralized assets will experience a qualitative leap. Behind this legal battle is actually a reshuffling of the entire wealth logic.