• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
Bitcoin news Trump Fed Lisa Cook

Bitcoin Reacts To Trump Axing Fed Governor Cook – Here’s What It Means

Jake Simmons
by Jake Simmons
1 month ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin reacted swiftly late Monday after President Donald Trump said he is removing Federal Reserve Governor Lisa D. Cook “effective immediately,” invoking the Federal Reserve Act’s “for cause” clause and citing alleged false statements on 2021 mortgage applications. Cook rejected the move, said she will not resign, and has retained counsel, setting up an unprecedented legal clash over presidential power and Fed independence.

Cook, a Biden appointee, was reconfirmed in 2023 to a term running to January 31, 2038, and—as a member of the Board of Governors—holds a permanent vote on the FOMC. As the headlines hit Asia and Europe overnight, Bitcoin slipped alongside a wobbly dollar and US rates curve. At press time, BTC traded around $110,137, down roughly 2.4% on the session, after an intraday low at $108,666.

How Will Bitcoin React Long-Term?

The legal stakes are enormous. Reuters reports Trump’s letter accuses Cook of “deceitful and potentially criminal conduct in a financial matter,” while legal scholars note that 12 U.S.C. § 242 permits removal “for cause” but does not define the term—and historically such standards hew to misconduct in office rather than pre-appointment personal matters. No president has previously attempted to remove a sitting Fed governor, and a court fight—potentially up to the Supreme Court—appears likely. Cook’s attorney Abbe Lowell called the action unlawful; Cook says she will continue performing her duties.

Related Reading: Bitcoin Forever? Michael Saylor Predicts 2 Decades Of 30% Gains

Market participants immediately mapped the institutional shock to a “hard assets” trade. Macro commentator Mel Mattison wrote on X that he has been “posting about a Coup d’Fed or a Fed Makeover,” adding: “Tonight definitely takes it up a notch. My initial take is that after some dropped jaws close, this will ultimately be bullish equities and massively bullish gold/btc.”

In his view, “short-term, it will introduce a little vol and maybe even a percent or two off the indices this week,” but over the coming months “the board of governors may be stacked with Trump appointees who will deliver MMT-like monetary policy with a conservative twist.”

He added that “other central banks, like the ECB, will be forced to lower rates as well … a race to the bottom in currencies combined with massive fiscal spending will ultimately lead to higher equity prices and gold over $5K by end of ’26,” and that new Bitcoin all-time highs by the end of the week would not surprise him “after blockbuster NVDA earnings on Wednesday and an inline PCE Friday.”

Others framed the moment even more starkly. “And just like that, the President has fired a voting Fed member for the first time in history. The White House has never been this adamant about exerting influence over the US’ central bank. Fiscal dominance accelerates. Weimar beckons,” wrote Joe Consorti, Head of Growth at Bitcoin focused firm Theya, who added separately: “Accelerate Operation Weimar. Long hard assets. Relax and enjoy the ride.”

Related Reading: Why Did Bitcoin Suddenly Flash Crash To $110,700 Yesterday?

MacroEdge’s Partner and Chief Economist Don Johnson underscored the policy channel: “We’re running an almost $3 trillion deficit — what do you think happens with a puppet Fed that cuts rates to 1%?”

Beyond Bitcoin, cross-asset price action reflected the shock. In early trading, the dollar index eased and the Treasury curve bear-steepened on fears that the Fed’s perceived independence could erode, with investors reassessing the path for rate cuts; risk assets and gold were volatile.

The attempted removal also intensified the narrative that Trump could soon gain additional seats to reshape the Board; if the action ultimately stands, it would give the White House another nomination to a seven-member body where governors (unlike regional bank presidents) always vote on monetary policy.

What matters for Bitcoin from here is the policy and liquidity regime that markets start to price. A successful test of presidential removal power that leads to a more politicized, easier-money Fed would validate the “fiscal dominance” and “hard-assets” thesis Mattison and Consorti articulate, supporting BTC via real-yield compression and currency-debasement hedging flows.

At press time, BTC traded at $110,273.

Bitcoin price
BTC holds above key support, 1-day chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jake Simmons

Jake Simmons

Follow

Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

Full Profile

Related Posts

Bitcoin news BlackRock

Bitcoin At Risk? Simon Dixon Alleges BlackRock’s Hidden Takeover Plan

1 hour ago
Bitcoin

Bitcoin Price Still On Track To Hit $165,000, JPMorgan Analysts Reveal Timeline

2 days ago
Bitcoin

Bitcoin Speculation Explodes As Open Interest Sets New $45.3 Billion Record

2 days ago
Bitcoin Whales

Bitcoin Whales Still Selling, But Mid-Sized Holders Now Stepping In To Buy

2 days ago
Bitcoin Futures Buyers Step Up: Taker Buy Volume Tops $1.8B

Bitcoin Futures Buyers Step Up: Taker Buy Volume Tops $1.8B

2 days ago
Bitcoin

Bitcoin Holders Locking In Gains As Profit-Taking Surges Amid Market Recovery, Rally To Extend?

2 days ago

Premium Sponsors

Press Releases

  • The Quiet Market Shift Investors Might Be Missing: How Tapzi Is Challenging Institutional Favorites

    The Quiet Market Shift Investors Might Be Missing: How...

    3 days ago
  • Investors Search for Long-Term Upside in This Under-$0.01 Crypto of 2025 Tapzi

    Investors Search for Long-Term Upside in This Under-$0.01...

    3 days ago
  • MoonBull Presale Explodes with over 11,800% Projected ROI as Uptober Sends the Market Soaring

    MoonBull Presale Explodes with over 11,800% Projected ROI...

    3 days ago
  • 狗狗幣引領『Uptober』Meme...

    3 days ago
  • ตัวละคร Snorter ขนฟูโต้คลื่นบนเซิร์ฟบอร์ดสีชมพู

    จับตา Uptober!...

    4 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.