Interesting take on Fed governance. Kevin Hassett makes a point about presidential influence on monetary policy—specifically noting that a sitting president's opinion wouldn't carry weight in Fed Chair interest rate decisions. This raises questions about central bank independence, a principle crucial for market stability.

Why does this matter for crypto? Because interest rate cycles directly impact capital flows across asset classes. When the Fed maintains policy independence, markets can better price in rate expectations. Conversely, any perceived political pressure on monetary decisions could introduce uncertainty into how we forecast rate trajectories.

The broader conversation here is about institutional safeguards. Whether it's the Fed, other central banks, or crypto governance structures, market participants need confidence that critical policy decisions aren't swayed by external pressure. That credibility is foundational.

So the real question isn't whether a president could influence rates—it's whether the Fed's structural independence remains intact. That's what ultimately shapes market sentiment and capital allocation strategies.