Donald Trump's political pressure on the Federal Reserve and various financial institutions leads to significant changes in the markets, while cryptocurrency remains relatively safe for now.
Fed Independence at Risk: Trump's Pressure
On August 26, Federal Reserve Governor Lisa Cook said she would not be "bullied into resigning" after President Donald Trump announced her dismissal. Experts noted that this move was unprecedented as Fed governors serve 14-year terms and can only be removed "for cause," which has never been tested in court.
CITE_W_A: "By attempting to fire Fed Governor Lisa Cook, Trump is once again threatening the independence of the Federal Reserve. This endangers the financial security of every American by risking destabilization of the dollar & our economy." — Nancy Pelosi.
Punishment for Critics and Protection for Crypto
Trump's pressure tactics have extended beyond the Fed to major companies and media. In June 2025, Elon Musk described Trump's "Big Beautiful Bill" as a "disgusting abomination," after which Trump threatened to cancel Tesla's subsidies. Simultaneously, the Trump administration issued a pro-innovation executive order, temporarily preserving protection for the crypto industry. Cryptocurrency appears to serve Trump and his family’s interests.
Trade Policy and its Consequences for Crypto Assets
Since 2025, Trump has introduced new tariffs on imports from India, Europe, and China, raising concerns about trade relations. Experts emphasize that these actions alter capital flows and the balance of influence in the global financial system. Countries affected by the tariffs are seeking to create their own stablecoins to reduce dependence on the dollar. This development signals that cryptocurrency could play a more significant role on the global stage.
Trump's pressure on financial structures and use of threats against critics open up new opportunities and risks for the cryptocurrency market. The crypto industry is under scrutiny and could become the next target of pressure if the situation changes.
