The showdown between top U.S. financial officials just escalated. Treasury Secretary Scott Bessent is calling out Federal Reserve Chair Jerome Powell over his decision to testify at a Supreme Court hearing. The case centers on the President's push to remove a central bank governor—a move that raises serious questions about Fed independence.

Why it matters: This political tug-of-war affects monetary policy decisions that ripple through crypto markets. When confidence in the Fed's autonomy wavers, it signals potential shifts in interest rates and inflation expectations. Watch this space—central bank stability has always been a macro-level factor crypto traders keep their eyes on.