ChainCatcher news, as traditional wealth accumulation pathways become increasingly difficult, more and more young Americans are viewing Meme coins as an alternative route to achieving economic independence and financial freedom. These cryptocurrencies, based on internet culture and popular trends, despite their high volatility and risks, are still seen by some as a possible path to the "American Dream."Joe McCann, founder of the Asymmetric hedge fund, points out that some members of Generation Z are turning to cryptocurrency investments due to "financial nihilism." They are more inclined to invest a few hundred dollars in Meme Coins rather than in traditional 401(k) retirement accounts. However, financial scholar David Krause warns investors to understand the actual use and technological foundation of the tokens to avoid blindly following trends.

ChainCatcher news, according to Walter Bloomberg, Jeff Kendrick from Standard Chartered stated in a report that if concerns about the independence of the Federal Reserve persist, Bitcoin could reach an all-time high.He mentioned that due to its decentralized ledger, this cryptocurrency can hedge against the risks of the existing financial system. This risk is currently manifesting through the risks faced by U.S. Treasury bonds after President Trump hinted at possibly dismissing Federal Reserve Chairman Jerome Powell due to his willingness to cut interest rates.Kendrick noted that the yield premium for investors demanding to buy long-term Treasury bonds relative to short-term bonds has significantly increased, which is favorable for Bitcoin. Standard Chartered expects that by the end of 2025, the price of Bitcoin will rise to $200,000.

ChainCatcher news, according to AXIOS, Frank Lucas, a Republican from a special task force in Congress focused on the Federal Reserve, stated that both parties intend to set stronger safeguards for the independence of the Federal Reserve. Lucas made this statement as Trump intensified his criticism of Federal Reserve Chairman Powell, raising concerns that the White House might attempt to remove Powell.Lucas mentioned that the special task force has discussed the importance of the Federal Reserve's independence and how to "build the protective barriers higher, stronger, and more robust." Lucas noted that it is not easy for Trump to fire the Federal Reserve Chairman, and he also pointed out that Powell has publicly committed to completing his term, which ends next year.

ChainCatcher news, according to Jinshi Data reports, AXIOS stated that Frank Lucas, a Republican from a special task force in the U.S. Congress focused on the Federal Reserve, indicated that both parties intend to set stronger safeguards for the independence of the Federal Reserve. Lucas made this statement as Trump intensified his criticism of Federal Reserve Chairman Powell, raising concerns that the White House might attempt to remove Powell. Lucas mentioned that the special task force has discussed the importance of the Federal Reserve's independence and how to "build the protective barriers higher, stronger, and more robust." Lucas stated that it is not easy for Trump to fire the Federal Reserve Chairman, and he also pointed out that Powell has publicly committed to completing his term, which ends next year.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Goolsbee stated that the independence of the Federal Reserve is crucial. The Chairman of the Federal Reserve is the most important figure in the committee, and his opinions carry significant influence. Still believes that interest rates will be lower in the next 12-18 months.

ChainCatcher news, according to Politico, President Donald Trump is angry with Federal Reserve Chairman Jerome Powell for showing no signs of a rate cut in the near future. In a Truth Social post released on Thursday morning, Trump wrote that the "sooner he leaves, the better!"But for now, Powell's position seems relatively secure.Trump considered firing Powell during his first term—a move that is legally controversial—and if he attempts to do so again, it could exacerbate market instability. The markets have already become turbulent due to recent tariff shocks. Two individuals close to the White House revealed that Treasury Secretary Scott Bessent has emphasized this point multiple times within the White House, and they requested anonymity due to the sensitive nature of the discussions. Trump himself is also aware of the gravity of the situation. Investor confidence that the Federal Reserve will make decisions based on economic trends rather than short-term political pressure is key to maintaining the U.S.'s reputation in the global financial system.Allies within the White House believe that Trump's post on Thursday morning is more about trying to undermine Powell's position and casting him as a scapegoat for future economic issues, rather than an immediate move to fire him. Of course, nothing is ever certain with Trump; his allies also caution that he could change his mind in an instant and seriously pursue the idea of firing Powell.A White House spokesperson responded to related questions by stating that Trump's post on Truth Social should be taken as the standard. The U.S. Treasury did not immediately respond to a request for comment.

ChainCatcher news, former Federal Reserve Vice Chairman Randall Quarles stated that the independence of the Federal Reserve, inflation, and the labor market will not be threatened even if President Trump is inaugurated. Quarles mentioned during a forum on Monday, "There is quite a bit of misunderstanding about the independence of the Federal Reserve. The independence of the Federal Reserve does not mean that the president cannot express opinions on its policies."Quarles, who was appointed to the Federal Reserve by Trump, served as Vice Chairman for Supervision until 2021.Quarles stated that tariffs themselves should not lead to inflation, although marginally, tariffs could prompt the Federal Reserve to cut interest rates. He also mentioned that he expects a large number of illegal immigrants to be deported after Trump takes office, but this will not affect the labor market.

ChainCatcher news, Trump's economic advisor Kevin Hassett stated in an interview that it is a reasonable move for the Federal Reserve to cut the main interest rate by 50 basis points instead of 25 basis points, as data shows that the job market is weakening. He believes that a significant rate cut is justified based on the data at the time, as economic growth has slowed considerably.Hassett agrees with Trump's view that the Federal Reserve has taken "political actions" in recent years. He stated, "I think it is reasonable to believe that the Federal Reserve has not been as independent as it should be." He mentioned the Federal Reserve's decision to raise rates in December 2016 before Trump's inauguration, despite the fact that "the data did not support a rate hike." He added that later, during "the Democratic administration's fiscal policy going out of control, the Federal Reserve did not take action."However, Hassett denied concerns that Trump would attempt to undermine the independence of the Federal Reserve in a second term. He stated, "I believe President Trump supports an independent Federal Reserve, but he also wants his voice to be heard, and he hopes there are truly independent people there."

ChainCatcher News, the U.S. House of Representatives submitted the "H.Res.238" resolution to the Energy and Commerce Committee, the Foreign Affairs Committee, the Financial Services Committee, and the Science, Space, and Technology Committee, expressing the House's view on the importance of proof-of-work mining of certain cryptocurrencies, such as Bitcoin, to the ability of the United States to achieve its energy goals and develop its economy.The House stated that proof-of-work mining can help energy development become a key pillar of growth for the U.S. economy, infrastructure, and national security; digital asset proof-of-work mining can promote energy development in collaboration with the energy sector, generating explosive innovation growth and enhancing U.S. energy independence; digital asset proof-of-work mining is an important component of the U.S. achieving energy independence and sustained national security capabilities; the United States should invest in the digital asset industry to promote sustainable job growth and innovative development, etc. (Source link)