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Capitalise on the market and explore the crypto world like a pro. Go check my pinned post for more details.
📈 $PIVX Showing Momentum 📈
PIVX is steadily climbing, reaching a high of $0.3735 from a low of $0.3012, achieving a +7.95% increase within 24 hours! 🚀
🔍 Current Price: $0.3299
📈 24H High: $0.3735
📊 Support Levels: $0.2933 | $0.3012
🎯 Next Potential Targets: $0.35 | $0.38
💡 Trading Insights:
PIVX is showing signs of consolidation after a sharp rise. A breakout above $0.3735 could ignite further upside. Monitor volume trends and secure partial profits near resistance levels. Adjust stop-losses to safeguard gains!
#CryptoSignals #PIVX #Binance #TradingGains #PIVXUSDT
PIVX is steadily climbing, reaching a high of $0.3735 from a low of $0.3012, achieving a +7.95% increase within 24 hours! 🚀
🔍 Current Price: $0.3299
📈 24H High: $0.3735
📊 Support Levels: $0.2933 | $0.3012
🎯 Next Potential Targets: $0.35 | $0.38
💡 Trading Insights:
PIVX is showing signs of consolidation after a sharp rise. A breakout above $0.3735 could ignite further upside. Monitor volume trends and secure partial profits near resistance levels. Adjust stop-losses to safeguard gains!
#CryptoSignals #PIVX #Binance #TradingGains #PIVXUSDT
Advance in the crypto world like a pro. See my pinned post for more details..
$APT Small dips, small buys; big dips, bottom fishing! Now it has just fallen to the support level of the main upward trend line, 9.2 can be used to add to positions. If it stops falling here, we will welcome a V-shaped rebound trend. Although changing the CEO and the recent drops are quite normal, I still remain optimistic for the future! The next CEO will definitely have their own financial backers. Buying in now is just bottom fishing for me... 😂 My average spot price is 12, waiting for you all on the slope... But it doesn't really matter, next year when we look back, these prices will all seem like bargain prices!
Tokens unlock 1% each month, and the 10 million unlocked this month is almost used up. The maximum pullback position for this wave C is only about 8.8, so it's fine to buy now!
Tokens unlock 1% each month, and the 10 million unlocked this month is almost used up. The maximum pullback position for this wave C is only about 8.8, so it's fine to buy now!
Capitalise on the market outlook right now and create sustainable and long lasting wealth. See my pinned post for more details.
This time with WiFi 1.51 at $WIF , I want to get back everything I've lost!
Reap all of the rewards in the crypto market and make the best possible trades and high end profits. Check my pinned post for more details
This time with WiFi 1.51 at $WIF , I want to get back everything I've lost!
Need help navigating the crypto market? See my pinned post for more details....
Definitely not a hindsight call, but a preemptive prediction. Look at the first two posts for proof.
USUAL seems very strong, but in reality, it is already at the end of its strength.
The surge on the 20th, for someone who has experienced three bull markets and two bear markets, was not a mindless bet on its retracement. For old investors who entered the market early in 2020, if they participated in various staking and mining on the old Huobi chain's MDEX, they would understand the current USUAL's tactics. Because back then, I planned the market attraction strategies for several projects on MDEX that USUAL is now using. The night before last, I accurately reminded in the comments that it would drop to around 1.1 and 0.93. It can almost be said to be identical; I had already anticipated this major correction. Currently, those still bottom-fishing, trying to lower their average price, or wanting to stake and mine, don't become cannon fodder.
Don't be fooled by the strong rebound now; around 0.6 may come in the next few days. It can even be asserted that starting from the 20th, after the seventh day of mourning, we will welcome a long period of decline! This post stands as evidence.
USUAL seems very strong, but in reality, it is already at the end of its strength.
The surge on the 20th, for someone who has experienced three bull markets and two bear markets, was not a mindless bet on its retracement. For old investors who entered the market early in 2020, if they participated in various staking and mining on the old Huobi chain's MDEX, they would understand the current USUAL's tactics. Because back then, I planned the market attraction strategies for several projects on MDEX that USUAL is now using. The night before last, I accurately reminded in the comments that it would drop to around 1.1 and 0.93. It can almost be said to be identical; I had already anticipated this major correction. Currently, those still bottom-fishing, trying to lower their average price, or wanting to stake and mine, don't become cannon fodder.
Don't be fooled by the strong rebound now; around 0.6 may come in the next few days. It can even be asserted that starting from the 20th, after the seventh day of mourning, we will welcome a long period of decline! This post stands as evidence.
Capitalise on the market and unlock your financial future. See my pinned post for more.
The alarm for $USUAL has been lifted. Just now, I asked everyone to set stop-loss lines because of the large sell-off, worrying about a potential run on the market. This was a precautionary warning.
During the rapid drop from 1.1U to 0.93U, I observed and confirmed that there was support entering the market, so there is no need to worry too much.
Rational trading, flexible response, and avoiding major risks are key to stable profits.
$USUAL
During the rapid drop from 1.1U to 0.93U, I observed and confirmed that there was support entering the market, so there is no need to worry too much.
Rational trading, flexible response, and avoiding major risks are key to stable profits.
$USUAL
Make the best use of the best expertise in crypto and navigate the crypto market like a pro. Check my pinned post for all the details you need
According to some, we had a big crash, according to others, there are good corrections and good buying opportunities.
Everyone will experience something good or bad depending on the outcome of their own choices. Therefore, one should act responsibly and without spreading FOMO or FUD to anyone.
This is my situation in spot.
What did you do in these deep corrections in the last month or two?
- Panic selling?
- Being able to buy coins that you could not find the opportunity to buy?
- Adding to existing coins at good levels?
- What else?
$ETH $ENA $XRP
Everyone will experience something good or bad depending on the outcome of their own choices. Therefore, one should act responsibly and without spreading FOMO or FUD to anyone.
This is my situation in spot.
What did you do in these deep corrections in the last month or two?
- Panic selling?
- Being able to buy coins that you could not find the opportunity to buy?
- Adding to existing coins at good levels?
- What else?
$ETH $ENA $XRP
Unlock your financial future now! See my pinned post for more....
Friends I wanted to share a bit of my experience with the Web3 Wallet here at Binance.
Although it’s really cool the many features and products available, it’s very important to understand all the terms and conditions regarding every specific product offered, so conducting your own research and managing your risk is a must, as usual.
Also, there you will find so many #Alpha projects and you can swap or buy directly from your account, make sure you get funds on it first, and be mindful or the transaction fees (they are sometimes really expensive 😅)
Other than that, you’ll find so many projects and opportunities that can be interesting for one to analyze, on my case I put less than $1 to a new project called Eliza, as approaching a really new project represent more than the usual risk, so being careful I conduct my research, form my thesis and test it. I did this to learn and understand how the Web3 Wallet works, and based on the possible rise of that coin, I will share with you my experience.
Also, in the Web3 Wallet, market section, you can find Monky being traded as well as many other new projects, check them out!
Make sure you follow me, like, repost and share this post with your friends if you wish. I believe in the power of spreading the good news.
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Disclaimer: my opinion doesn’t constitute financial advice, always conduct your own research and know your assets, since the crypto market and trading involves high risk.
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Happy crypto!
#Web3Wallet #Alpha
Although it’s really cool the many features and products available, it’s very important to understand all the terms and conditions regarding every specific product offered, so conducting your own research and managing your risk is a must, as usual.
Also, there you will find so many #Alpha projects and you can swap or buy directly from your account, make sure you get funds on it first, and be mindful or the transaction fees (they are sometimes really expensive 😅)
Other than that, you’ll find so many projects and opportunities that can be interesting for one to analyze, on my case I put less than $1 to a new project called Eliza, as approaching a really new project represent more than the usual risk, so being careful I conduct my research, form my thesis and test it. I did this to learn and understand how the Web3 Wallet works, and based on the possible rise of that coin, I will share with you my experience.
Also, in the Web3 Wallet, market section, you can find Monky being traded as well as many other new projects, check them out!
Make sure you follow me, like, repost and share this post with your friends if you wish. I believe in the power of spreading the good news.
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Disclaimer: my opinion doesn’t constitute financial advice, always conduct your own research and know your assets, since the crypto market and trading involves high risk.
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Happy crypto!
#Web3Wallet #Alpha
Don't wait! Make that investment now! Check my pinned post for more details..
The Crypto Secret You’re Missing: How $100 Can Turn Into $500 Overnight!
🚀 If you're serious about making money on Binance, it’s time to change your strategy! Instead of chasing the hype, focus on coins with high percentage growth. Here’s what’s been hot in the last 24 hours:
▪︎DF (Dforce): Up by 52.92%, currently at $0.08250
▪︎AGLD (Adventure Gold): Gained 41.32%, trading at $1.792
▪︎IDEX: Soared 38.94%, now at $0.07631
▪︎STRAX (Stratis): Jumped 31.05%, priced at $0.09500
▪︎FUN (FunFair): Climbed 25.51%, holding at $0.005496
💡 Imagine investing just $100 in each:
If the coins rise by 50%, your $500 becomes $750. 📈 With growth like this, these smaller investments can yield surprising results.
✨ Pro Tip: Always research before diving in. Market trends change quickly, and the right strategy is your best weapon. Don’t just follow the noise—follow the data!
⚡ Are you ready to transform your portfolio? Let’s discuss in the comments! 👇
#EarnOnBinance #InvestmentTips
🚀 If you're serious about making money on Binance, it’s time to change your strategy! Instead of chasing the hype, focus on coins with high percentage growth. Here’s what’s been hot in the last 24 hours:
▪︎DF (Dforce): Up by 52.92%, currently at $0.08250
▪︎AGLD (Adventure Gold): Gained 41.32%, trading at $1.792
▪︎IDEX: Soared 38.94%, now at $0.07631
▪︎STRAX (Stratis): Jumped 31.05%, priced at $0.09500
▪︎FUN (FunFair): Climbed 25.51%, holding at $0.005496
💡 Imagine investing just $100 in each:
If the coins rise by 50%, your $500 becomes $750. 📈 With growth like this, these smaller investments can yield surprising results.
✨ Pro Tip: Always research before diving in. Market trends change quickly, and the right strategy is your best weapon. Don’t just follow the noise—follow the data!
⚡ Are you ready to transform your portfolio? Let’s discuss in the comments! 👇
#EarnOnBinance #InvestmentTips
Capitalise the crypto market right now and make that investment now! See my pinned post for more details...
Can $2,500 in XRP Turn Into $200,000 Overnight? Let’s Explore!
The crypto community is buzzing with excitement as whispers grow louder about XRP’s potential to deliver life-changing returns. But is the hype justified? Let’s break it down.
Why XRP Is Stealing the Spotlight
XRP isn’t your typical cryptocurrency. It’s the powerhouse behind Ripple—a revolutionary platform transforming global payments. Imagine sending money internationally in seconds for a fraction of the cost—XRP makes it happen. With Ripple partnering with major banks and payment providers worldwide, the utility and demand for XRP are poised to skyrocket.
Key Drivers Behind XRP's Hype:
1. Massive Partnerships
Ripple’s collaborations with financial giants ensure XRP is not just a speculative asset but a tool with real-world applications. As more institutions adopt it, demand surges, and so could the price.
2. Legal Victory
Ripple’s landmark win against the SEC sent shockwaves through the market, restoring investor confidence and sparking a price rally. This case not only secured XRP’s legitimacy but also reinforced its potential for long-term growth.
The $2,500-to-$200,000 Vision: Fantasy or Feasible?
Crypto is unpredictable—no doubt. But some analysts are eyeing a massive price explosion for XRP as global adoption grows. While a 79x leap to $200,000 might sound ambitious, even a fraction of this growth could yield substantial profits.
Let’s consider a potential scenario:
Adoption Curve: If Ripple’s network becomes the backbone of international banking, demand for XRP could outpace supply.
Scarcity Factor: XRP’s capped supply further supports its price appreciation potential as more tokens are used for cross-border transactions.
Should You Dive In?
Opportunities like this don’t come often, but every reward comes with risk.
Do your homework.
Diversify your portfolio.
Only invest what you’re prepared to lose.
Final Takeaway
XRP is more than just a buzzword—it’s a project with real-world impact and the backing of financial heavyweights. While turning $2,500 into $200,000 isn’t guaranteed, the potential for significant gains is undeniable.
Are you ready to ride the wave of XRP’s revolution?
#XRP #CryptoInvesting #BinanceAlpha #CryptoFuture #Ripple
Why XRP Is Stealing the Spotlight
XRP isn’t your typical cryptocurrency. It’s the powerhouse behind Ripple—a revolutionary platform transforming global payments. Imagine sending money internationally in seconds for a fraction of the cost—XRP makes it happen. With Ripple partnering with major banks and payment providers worldwide, the utility and demand for XRP are poised to skyrocket.
Key Drivers Behind XRP's Hype:
1. Massive Partnerships
Ripple’s collaborations with financial giants ensure XRP is not just a speculative asset but a tool with real-world applications. As more institutions adopt it, demand surges, and so could the price.
2. Legal Victory
Ripple’s landmark win against the SEC sent shockwaves through the market, restoring investor confidence and sparking a price rally. This case not only secured XRP’s legitimacy but also reinforced its potential for long-term growth.
The $2,500-to-$200,000 Vision: Fantasy or Feasible?
Crypto is unpredictable—no doubt. But some analysts are eyeing a massive price explosion for XRP as global adoption grows. While a 79x leap to $200,000 might sound ambitious, even a fraction of this growth could yield substantial profits.
Let’s consider a potential scenario:
Adoption Curve: If Ripple’s network becomes the backbone of international banking, demand for XRP could outpace supply.
Scarcity Factor: XRP’s capped supply further supports its price appreciation potential as more tokens are used for cross-border transactions.
Should You Dive In?
Opportunities like this don’t come often, but every reward comes with risk.
Do your homework.
Diversify your portfolio.
Only invest what you’re prepared to lose.
Final Takeaway
XRP is more than just a buzzword—it’s a project with real-world impact and the backing of financial heavyweights. While turning $2,500 into $200,000 isn’t guaranteed, the potential for significant gains is undeniable.
Are you ready to ride the wave of XRP’s revolution?
#XRP #CryptoInvesting #BinanceAlpha #CryptoFuture #Ripple
Yes! Don't wait, make that investment now! See my pinned post for more details
CRYPTO MECHANIC
--
My friend just deposited fresh cash to buy more Altcoins. He is trading for 8 years and he is a very profitable trader.
Is it a right decision?
Is it a right decision?
Unlock your financial future using the best expertise. See my pinned post for more details..
Binance Announcement
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Binance Futures Will Launch USDⓈ-Margined AIXBTUSDT, FARTCOINUSDT, KMNOUSDT and CGPTUSDT Perpetual Contracts With up to 75x Leverage
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the following perpetual contracts with up to 75x leverage as below:
2024-12-20 18:30 (UTC): AIXBTUSDT Perpetual Contract
2024-12-20 18:45 (UTC): FARTCOINUSDT Perpetual Contract
2024-12-20 19:00 (UTC): KMNOUSDT Perpetual Contract
2024-12-20 19:15 (UTC): CGPTUSDT Perpetual Contract
Fellow Binancians,
To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the following perpetual contracts with up to 75x leverage as below:
2024-12-20 18:30 (UTC): AIXBTUSDT Perpetual Contract
2024-12-20 18:45 (UTC): FARTCOINUSDT Perpetual Contract
2024-12-20 19:00 (UTC): KMNOUSDT Perpetual Contract
2024-12-20 19:15 (UTC): CGPTUSDT Perpetual Contract
Navigate the crypto market like a pro and reap all its rewards. See my pinned post for details.
Big Fluctuation Warning!
I've warned you guys a lot, near Christmas or "pump-dump" will lost your money🥲
According to the BTC.D setup, I believe that 62% is the "peak" in this cycle
As for the market & BTC from "now until the end of the year will be sideways" because the West is on holiday to welcome the new year!
=> Most Altcoins will continue to return strongly from the beginning of the year after the holiday season is over!
Source: HCCapital
I've warned you guys a lot, near Christmas or "pump-dump" will lost your money🥲
According to the BTC.D setup, I believe that 62% is the "peak" in this cycle
As for the market & BTC from "now until the end of the year will be sideways" because the West is on holiday to welcome the new year!
=> Most Altcoins will continue to return strongly from the beginning of the year after the holiday season is over!
Source: HCCapital
Capitalise on the market right now with the best expertise and unlock the best crypto rewards. Go and view my pinned post for more detailed information
Analyst Says $10 is Dogecoin’s Minimum Price Target
Analyst Potts predicts Dogecoin will:
*Short-term (2024)*
1. Surpass its all-time high ($0.73995)
2. Reach $0.31 by year-end
*Long-term (2025)*
1. Minimum price target: $10
2. Ambitious target: $80
These predictions are based on Dogecoin's past performance and the crypto market's cyclical paradigm.
Analyst Potts predicts Dogecoin will:
*Short-term (2024)*
1. Surpass its all-time high ($0.73995)
2. Reach $0.31 by year-end
*Long-term (2025)*
1. Minimum price target: $10
2. Ambitious target: $80
These predictions are based on Dogecoin's past performance and the crypto market's cyclical paradigm.
Navigate the crypto market like a pro. Check my pinned post for more details.
$USUAL Emergency! Everyone, based on your own situation, set a stop-loss line! Although I am optimistic in the long term, it's also important to be cautious. Trading should be flexible and rational in response.
Use the best expertise to unlock your financial future. See my pinned post for more details.
The fact that Usual ($USUAL ) hasn’t dropped below 1.11 in the last 48 hours suggests support at that price level. Here’s what this could mean:
Key Takeaways:
1. Potential Support Level:
• If the coin consistently bounces back from 1.11, it signals that buyers are stepping in at this price, preventing further decline.
• This could indicate that sellers are losing momentum and the price may stabilize or rise from here.
2. Accumulation Phase:
• When prices hover around a low point without breaking lower, it often means investors are accumulating at a perceived discount.
• This could lead to an upward price movement if buying pressure increases.
3. Reduced Downward Pressure:
• If no negative news or major sell-offs occur during this period, it suggests that the price may have found a temporary floor.
• If the broader market remains stable or bullish, this could signal a reversal or slow climb toward 1.4 again.
Next Moves to Watch:
• Breakout Above 1.15:
If the coin breaks above 1.15-1.20, it could indicate the start of a recovery. This may trigger more buying activity and push the price toward 1.4.
• Drop Below 1.11:
If the price breaks below 1.11, it could invalidate the support level, signaling further downside (potentially to 1.00 or lower).
• Volume Increase at 1.11:
Watch for increased trading volume near 1.11. Higher volume at this level reinforces the idea of strong support.
What You Can Do:
• Hold for Now: Since 1.11 is holding, waiting to see if it climbs might be a reasonable approach.
• Set Alerts: Place a price alert at 1.10 (for a possible drop) and 1.15 (for a potential upward move).
• Stop Loss: If you want to protect yourself, consider a stop-loss just below 1.11 (around 1.08-1.10).
Key Takeaways:
1. Potential Support Level:
• If the coin consistently bounces back from 1.11, it signals that buyers are stepping in at this price, preventing further decline.
• This could indicate that sellers are losing momentum and the price may stabilize or rise from here.
2. Accumulation Phase:
• When prices hover around a low point without breaking lower, it often means investors are accumulating at a perceived discount.
• This could lead to an upward price movement if buying pressure increases.
3. Reduced Downward Pressure:
• If no negative news or major sell-offs occur during this period, it suggests that the price may have found a temporary floor.
• If the broader market remains stable or bullish, this could signal a reversal or slow climb toward 1.4 again.
Next Moves to Watch:
• Breakout Above 1.15:
If the coin breaks above 1.15-1.20, it could indicate the start of a recovery. This may trigger more buying activity and push the price toward 1.4.
• Drop Below 1.11:
If the price breaks below 1.11, it could invalidate the support level, signaling further downside (potentially to 1.00 or lower).
• Volume Increase at 1.11:
Watch for increased trading volume near 1.11. Higher volume at this level reinforces the idea of strong support.
What You Can Do:
• Hold for Now: Since 1.11 is holding, waiting to see if it climbs might be a reasonable approach.
• Set Alerts: Place a price alert at 1.10 (for a possible drop) and 1.15 (for a potential upward move).
• Stop Loss: If you want to protect yourself, consider a stop-loss just below 1.11 (around 1.08-1.10).
Unlock your financial future using the best expertise. See my pinned post for more details...
Binance News
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Ethereum(ETH) Drops Below 3,300 USDT with a 4.64% Decrease in 24 Hours
On Dec 21, 2024, 22:11 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,300 USDT and is now trading at 3,298.97998 USDT, with a narrowed 4.64% decrease in 24 hours.
$BTC Explore the crypto market like a Crypto genius using knowledge from the best crypto expert in the world. Check out my pinned post for more details.
Don't wait! Make that investment now! See my pinned post for more details...
Cryptopolitan
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Trump Might Not Be Able to Fire Powell but He Can Remove Everyone Else At the Fed
We’ve all got it by now that President Donald Trump can’t fire Federal Reserve Jerome Powell. But the rest of the board? They’re fair game. And he knows it. So do they, which is why some are reportedly already looking for help to keep their jobs.
The Federal Reserve Board is made up of seven members, each appointed by the President and confirmed by the Senate. With many Biden appointees in key positions right now, Trump might see it fit to clean house.
Who’s sitting on the chopping block?
First, let’s talk about Powell. Trump appointed him back in 2017, and his term as Chair doesn’t expire until 2026. Legally, Powell can’t be removed unless the president-elect finds a reason that meets the “for cause” standard. That means gross misconduct, not policy disagreements.
Powell knows this. He’s defiant, and oddly very powerful. When asked if he’d resign if Trump asked, Powell replied with one word: “No.” He then allowed a few seconds to pass so everyone could take his response in.
But Trump isn’t focused on Powell yet. He’s got a smaller fish to fry, starting with Michael Barr, the Vice Chair for Supervision. Barr’s job is to oversee bank regulation, and he’s a Biden guy. His term runs until 2026, but Trump’s advisers are already exploring ways to get rid of him.
The argument? Barr’s role isn’t tied directly to monetary policy, so it might not carry the same protections as Powell’s job. Barr, clearly aware of the incoming storm, has lawyered up. He’s seeking advice from Arnold & Porter, a heavyweight law firm, in case Trump does pull the rug out from under him.
Next, there’s Adriana Kugler. She’s another Biden appointee, and her term ends in January 2026. Trump doesn’t even have to get creative here — Adriana has a terrible reputation. Philip Jefferson and Lisa Cook, both appointed by Biden in 2022, are also in danger of losing their jobs.
Trump’s allies on the board are safe though. Christopher Waller, who joined in 2020, and Michelle Bowman, appointed in 2018, are Trump picks. Waller focuses on monetary policy, and Bowman is all about community banking. These two aren’t going anywhere unless Trump wants them gone—and why would he?
The legal loopholes Trump might exploit
Here’s where it gets tricky. Federal law says a Fed governor can only be removed “for cause.” That sounds airtight, but the definition of “cause” isn’t crystal clear. Misconduct? Sure. Policy disagreements? Probably not. But Trump, being who he is, could test this in court.
Alan Blinder, a Princeton economist and former Vice Chair of the Fed, weighed in. He thinks the courts would likely side with Powell, but he’s not making any guarantees. “Trump could try and he might try,” Blinder said. If it goes to the Supreme Court, all bets are off.
There’s also the option of demotion. Trump could leave Powell on the board but strip him of the Chair position. It’s never been done before, so there’s no precedent, but legal experts agree it’s a gray area.
And if Trump doesn’t want to deal with the courts, he could go straight to the Republican-majority Congress. The Federal Reserve Act isn’t carved in stone. Congress can amend it, and Trump could lobby for changes that weaken the Fed’s independence.
The president’s allies are already rallying behind him. Senator Mike Lee posted on X (formerly Twitter), “The Executive Branch should be under the direction of the president. Yet another reason why we should #EndTheFed.”
Elon Musk, the guy the president calls “America’s First Buddy,” chimed in with a not-so-subtle emoji to Lee’s post. The Federal Reserve’s independence has always been a sensitive issue. It wasn’t until the 1950s that the Fed became truly independent, breaking away from the Treasury Department’s influence.
Since then, presidents have largely respected the Fed’s autonomy. Trump, however, is not like most presidents. Attempts to remove Fed officials are rare, but they’re not unheard of.
During Franklin D. Roosevelt’s presidency, a case involving the dismissal of an FTC commissioner set a precedent for protecting agency independence. Legal experts believe this case could be cited if Trump tries to oust Powell or any other board member.
Why does this matter? Because the Fed’s decisions affect everyone. It has far-reaching effects for global economies and financial markets.
Wall Street is already nervous. Any move to undermine the Fed’s independence could spook our markets, just as it did during Trump’s first term. Or a few days ago after Powell said his Fed wants nothing to do with Bitcoin ever, and it crashed by 8% in mere hours. Nothing is safe.
From Zero to Web3 Pro: Your 90-Day Career Launch Plan
The Federal Reserve Board is made up of seven members, each appointed by the President and confirmed by the Senate. With many Biden appointees in key positions right now, Trump might see it fit to clean house.
Who’s sitting on the chopping block?
First, let’s talk about Powell. Trump appointed him back in 2017, and his term as Chair doesn’t expire until 2026. Legally, Powell can’t be removed unless the president-elect finds a reason that meets the “for cause” standard. That means gross misconduct, not policy disagreements.
Powell knows this. He’s defiant, and oddly very powerful. When asked if he’d resign if Trump asked, Powell replied with one word: “No.” He then allowed a few seconds to pass so everyone could take his response in.
But Trump isn’t focused on Powell yet. He’s got a smaller fish to fry, starting with Michael Barr, the Vice Chair for Supervision. Barr’s job is to oversee bank regulation, and he’s a Biden guy. His term runs until 2026, but Trump’s advisers are already exploring ways to get rid of him.
The argument? Barr’s role isn’t tied directly to monetary policy, so it might not carry the same protections as Powell’s job. Barr, clearly aware of the incoming storm, has lawyered up. He’s seeking advice from Arnold & Porter, a heavyweight law firm, in case Trump does pull the rug out from under him.
Next, there’s Adriana Kugler. She’s another Biden appointee, and her term ends in January 2026. Trump doesn’t even have to get creative here — Adriana has a terrible reputation. Philip Jefferson and Lisa Cook, both appointed by Biden in 2022, are also in danger of losing their jobs.
Trump’s allies on the board are safe though. Christopher Waller, who joined in 2020, and Michelle Bowman, appointed in 2018, are Trump picks. Waller focuses on monetary policy, and Bowman is all about community banking. These two aren’t going anywhere unless Trump wants them gone—and why would he?
The legal loopholes Trump might exploit
Here’s where it gets tricky. Federal law says a Fed governor can only be removed “for cause.” That sounds airtight, but the definition of “cause” isn’t crystal clear. Misconduct? Sure. Policy disagreements? Probably not. But Trump, being who he is, could test this in court.
Alan Blinder, a Princeton economist and former Vice Chair of the Fed, weighed in. He thinks the courts would likely side with Powell, but he’s not making any guarantees. “Trump could try and he might try,” Blinder said. If it goes to the Supreme Court, all bets are off.
There’s also the option of demotion. Trump could leave Powell on the board but strip him of the Chair position. It’s never been done before, so there’s no precedent, but legal experts agree it’s a gray area.
And if Trump doesn’t want to deal with the courts, he could go straight to the Republican-majority Congress. The Federal Reserve Act isn’t carved in stone. Congress can amend it, and Trump could lobby for changes that weaken the Fed’s independence.
The president’s allies are already rallying behind him. Senator Mike Lee posted on X (formerly Twitter), “The Executive Branch should be under the direction of the president. Yet another reason why we should #EndTheFed.”
Elon Musk, the guy the president calls “America’s First Buddy,” chimed in with a not-so-subtle emoji to Lee’s post. The Federal Reserve’s independence has always been a sensitive issue. It wasn’t until the 1950s that the Fed became truly independent, breaking away from the Treasury Department’s influence.
Since then, presidents have largely respected the Fed’s autonomy. Trump, however, is not like most presidents. Attempts to remove Fed officials are rare, but they’re not unheard of.
During Franklin D. Roosevelt’s presidency, a case involving the dismissal of an FTC commissioner set a precedent for protecting agency independence. Legal experts believe this case could be cited if Trump tries to oust Powell or any other board member.
Why does this matter? Because the Fed’s decisions affect everyone. It has far-reaching effects for global economies and financial markets.
Wall Street is already nervous. Any move to undermine the Fed’s independence could spook our markets, just as it did during Trump’s first term. Or a few days ago after Powell said his Fed wants nothing to do with Bitcoin ever, and it crashed by 8% in mere hours. Nothing is safe.
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