The crypto world has been quiet for two days, but the traditional financial sector has just broken major news—Federal Reserve Chair Jerome Powell is under investigation. While this seems unrelated to the crypto market at first glance, its implications are far-reaching.

Here's what happened: On January 11, Powell officially confirmed that he was questioned at the federal level regarding the office building renovation project. But it's obvious to anyone that this isn't about construction issues; the real story lies in the political game behind it. Since Trump's new term began, there has been frequent pressure on the Federal Reserve to cut interest rates and loosen monetary policy. Powell insists on making decisions based on economic data and refuses to comply, leading to long-standing tensions that have now erupted.

So, what does this wave of turmoil mean for crypto assets? That’s the key point.

First, the independence of the Federal Reserve is the foundation of the US dollar's credibility system. When administrative forces start interfering with central bank decisions, the market will inevitably react—leading to a weakening of the dollar, with safe-haven assets like gold and silver rising accordingly. Crypto assets are essentially also hedges against dollar credibility. In the context of the global de-dollarization trend, such actions that shake the dollar’s foundation are, in the long run, supporting the valuation of the crypto market.

Second, don’t underestimate the potential follow-up impacts of this incident. Trump’s team isn’t just targeting Powell; they’ve previously attempted to influence other personnel appointments at the Fed, with a clear goal—to turn the central bank into “their own people.” If the Federal Reserve truly becomes politically hijacked and loses its independence, the credibility of the dollar as the global reserve currency will be fundamentally questioned. This could have a significant long-term impact on the crypto market’s trajectory.

From the market perspective, although this news has caused short-term emotional shocks, the underlying systemic issues are what will determine the future direction. Monitoring the independence of the Federal Reserve is far more important than tracking tonight’s candlestick movements.