Anthony Pompliano, a digital currency entrepreneur, warned that Donald Trump’s firing of the Federal Reserve Chairman could create a dangerous precedent. This reaction came after Trump’s recent threat to dismiss Jerome Powell for slow interest rate cuts. Pompliano, criticizing the politicization of the Federal Reserve, emphasized that an improper response to potential mistakes by this institution is not a suitable solution. Senator Elizabeth Warren also cautioned that such actions could undermine investor confidence and lead to financial collapse. Meanwhile, Powell has recently supported establishing a legal framework for stablecoins, considering it a good idea. Interest rate cuts usually lead to increased liquidity and growth in high-risk assets like Bitcoin.
