U.S. federal prosecutors have initiated an inquiry into Federal Reserve Chair Jerome Powell. The investigation marks a significant development in the political landscape surrounding the nation's central banking authority. Given Powell's critical role in shaping monetary policy—including interest rate decisions that directly influence market liquidity, asset valuations, and capital allocation across traditional and digital asset classes—this inquiry draws attention from those monitoring the broader economic backdrop. Market participants tracking Fed policy movements and their cascading effects on crypto markets should keep an eye on how this unfolds.