BREAKING: DOJ officially DROPS criminal probe into Fed Chair Powell
\US Attorney Jeanine Pirro officially closed the investigation into Jerome Powell over the $2.5B Fed headquarters renovation.
Key Points:
▪️ Matter referred to Fed's Inspector General
▪️ Judge Boasberg had already quashed DOJ subpoenas in March
▪️ Prosecutors admitted no evidence of crimes
▪️ Clears path for Kevin Warsh confirmation as next Fed Chair
▪️ Powell stays until Warsh is confirmed
Why This Matters for Crypto:
Warsh is viewed as more aligned with Trump's rate-cut agenda. A dovish Fed pivot = weaker DXY = more liquidity = bullish setup for $BTC and risk assets.
Watch rate cut odds and DXY closely in coming weeks.
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