Federal Reserve Governor Powell to Sue Trump for Firing Him as Early as Today

By: theblockbeats.news|2025/08/27 19:42:17
0
Share
copy

BlockBeats News, August 27th, according to CNBC, sources revealed that Federal Reserve Board member Lisa Cook is set to file a lawsuit as early as today (regarding the Trump dismissal).

BlockBeats reported yesterday that U.S. President Trump signed a document removing Federal Reserve Board member Cook from office, effective immediately. In the document, Trump stated: "By the authority vested in me by Article II of the U.S. Constitution and the amended 1913 Federal Reserve Act, I hereby dismiss Cook from the Board of the Federal Reserve System. Given Cook's lack of honesty in financial affairs and potential involvement in criminal activities, I cannot have confidence in your integrity. At the very least, these actions reveal serious negligence in your financial transactions, casting doubt on your ability and credibility as a financial regulator."

-- Price

--

You may also like

Uniswap is trapped in an innovation dilemma

The various iterations of Uniswap are one of the sources of vitality in the DeFi market, but since 2023, Uniswap has not proposed any substantial innovations, instead adhering to traditional business explorations in application chains, Launchpads, etc., leading to a slump in token prices and market ...

What is the key to competition in crypto banking?

Digital banks, crypto cards, wallets, super apps, and DeFi protocols are all converging towards the same goal: to become the primary gateway for your savings, spending, earning, and transferring in the new era.

The flow of stablecoins and the spillover effects in the foreign exchange market

Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...

After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut

The regulated entity is set to launch a stablecoin in the first half of this year.

The person who helped TAO rise by 90% has now single-handedly crashed the price again today

As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.

3-Minute Guide to Participating in the SpaceX IPO on Bitget

Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.

Popular coins

Latest Crypto News

Read more