Powell and Trump have differing ideologies: Federal Reserve Chairman Jerome Powell focuses on inflation control while President-elect Trump promotes aggressive fiscal policies, including mainstream cryptocurrency adoption. Their conflicting priorities have grown evident, affecting market sentiment and policy-making dynamics as Trump prepares to take office.

Fed’s rate policy is influenced by politics: The Federal Reserve’s recent 25 basis point rate cut reflects uncertainty in economic projections influenced by Trump’s policies. Powell indicates possible implications of Trump’s tariffs and tax cuts on inflation, raising concerns about political bias within the Fed’s decisions.

Trump proposes Bitcoin reserve amid skepticism: Trump’s proposal for a ‘Strategic Bitcoin Reserve’ faced a strong rebuttal from Powell, emphasizing the Fed’s restrictions on cryptocurrency holdings. This ideological clash underscores the broader tensions over monetary policy and the future of digital currencies affecting the cryptocurrency market closely.