Supreme Court Blocks Trump From Firing Fed’s Lisa Cook in 5-4 Ruling, But Expands His Reach

The U.S. Supreme Court rejected President Donald Trump’s attempt to remove Federal Reserve Governor Lisa Cook in a 5-4 ruling. However, the court granted the president broader authority to fire leaders of other federal agencies. Chief Justice John Roberts wrote the majority opinion. These rulings could lead to fluctuating digital asset regulations, aligning them more closely with presidential agendas and political shifts, while blocking specific power grabs related to tariffs and the Federal Reserve.