US Supreme Court grants Trump authority to fire agency heads, excludes Federal Reserve

The US Supreme Court granted Trump authority to fire agency heads, though the Federal Reserve remains excluded. This ruling may increase regulatory volatility, specifically impacting the crypto sector as leadership becomes more politically influenced. Following this decision, Trump renewed calls to remove Lisa Cook from the Federal Reserve board. He stated on Truth Social that the Supreme Court sent the case back to a lower court on a strictly procedural basis, continuing his push for her removal.