LUNA Drops Bombshell: Fed Chair Jerome Powell Faces Perjury Allegations

LUNA's legal team just threw gasoline on the crypto-regulation fire. Their explosive filing accuses the most powerful banker in the world of lying under oath—and the timing couldn't be worse for traditional finance.

The Allegations

Powell's sworn testimony about stablecoin risks is now under the microscope. LUNA claims the Fed Chair 'willfully misrepresented' Terra's collapse during congressional hearings—back when regulators used it as Exhibit A for cracking down on crypto.

Why This Matters

This isn't just legal drama—it's a direct challenge to the regulatory narrative that's been choking DeFi innovation. If Powell's testimony gets invalidated, the entire 'stablecoins need banking rules' argument collapses faster than a shitcoin after a CEX listing.

The Fallout

DC insiders are already whispering about subpoenas. Meanwhile, crypto traders are watching LUNA's price action like a reality TV cliffhanger—because nothing pumps a token like schadenfreude against the financial elite.

Bottom line: When the crypto industry starts playing hardball with regulators using their own rulebook, maybe—just maybe—we'll finally get some honest dialogue about financial innovation. Or at least some spectacularly entertaining courtroom theatrics.