Trump Axes Fed’s Cook with Supreme Court Green Light - Crypto Markets Brace for Impact

In a stunning power move that's shaking financial circles, former President Trump successfully ousted Federal Reserve Governor Lisa Cook with full Supreme Court backing.

The Political Chess Game

This isn't just another personnel change—it's a direct assault on Fed independence that could rewrite monetary policy for years. Cook's removal signals a dramatic shift in how Washington interacts with the nation's central bank.

Market Implications

Traders are scrambling to reposition as the Fed's composition changes mid-game. Bitcoin and gold both jumped on the news—because when traditional institutions get politically compromised, smart money flees to decentralized alternatives.

Ultimate Irony

Wall Street bankers who cheered Trump's deregulation now face a Fed that might actually listen to Main Street instead of bank lobbyists—talk about unintended consequences.

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“This application involves yet another case of improper judicial interference with the President’s removal authority -here, interference with the President’s authority to remove members of the Federal Reserve Board of Governors for cause,” read the Justice Department’s filing.

Trump’s Unprecedented Effort to Remove Fed Governor Lisa Cook

On Monday, the U.S. Court of Appeals for the District of Columbia Circuit denied the administration’s request to put Cobb’s order on hold in a 2-1 vote, resulting in the motion being sent to a higher court.

The Trump administration is treading uncharted waters, as no president has ever fired a Fed governor. Trump alleges that Cook committed mortgage fraud by listing two separate properties as her principal residence, receiving unfair mortgage benefits in the process.