Donald Trump wants Federal Reserve governor Lisa Cook out. On Wednesday, Trump jumped on Truth Social and wrote, “Cook must resign now!!!” This came right after Bill Pulte, his ally and the head of the Federal Housing Finance Agency, dropped a bombshell. Pulte publicly accused Cook of committing mortgage fraud by claiming two houses as her primary residence, at the same time. Pulte posted a letter on X saying Cook falsified bank records and property documents to lock in better mortgage deals. One of those homes was later listed for rent. He’s demanding the Department of Justice get involved. That’s not a small request. It adds more heat to the Trump administration’s long war against the Federal Reserve and its staff. Trump allies escalate mortgage fraud charges Pulte, who’s been echoing Trump’s frustration with the Fed, made the situation louder on CNBC. He claimed, “You cannot do that in America.” He was referring to Cook’s alleged tactic of calling two separate homes her main residence to get favorable loan terms. Pulte says one home went up for rent shortly after the deal closed. The accusation is simple: Cook claimed two primary residences, which is illegal under federal mortgage law. Pulte insisted there’s nothing political about it. “There’s no funny business here,” he said. “This is straightforward stuff, and if you commit mortgage fraud, especially in black and white, you will be prosecuted.” Trump isn’t new to beef with the Federal Reserve. He’s constantly bashed Fed Chair Jay Powell, calling him a “moron” and a “numbskull” for refusing to slash interest rates during his time in office. He’s also furious over the Fed’s decision to spend $2.5 billion renovating its Washington headquarters. White House pushes limits of Fed firing rules The fight over Cook’s position is not political; it is economical and it’s legal. Federal law says central bank governors can only be removed for “cause”, which usually means serious misconduct. That’s the only way a sitting board member like Cook can be kicked out before their term ends. Pulte argued on air that there’s “of course” cause to remove Cook, and then suggested Jay Powell could be the one to do it. “I’ll tell you this, Jay Powell, he has a chance to do the right thing by the law,” Pulte said. But that idea hits a wall. According to the Federal Reserve Act of 1913, only the president can remove a Fed board member. That legal wall got taller earlier this year. The Supreme Court suggested that the president can’t just fire Federal Reserve governors because he doesn’t agree with their decisions. So even if Trump wants Cook out, even if Pulte is screaming fraud, the law might not be on their side. Not yet. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.Donald Trump wants Federal Reserve governor Lisa Cook out. On Wednesday, Trump jumped on Truth Social and wrote, “Cook must resign now!!!” This came right after Bill Pulte, his ally and the head of the Federal Housing Finance Agency, dropped a bombshell. Pulte publicly accused Cook of committing mortgage fraud by claiming two houses as her primary residence, at the same time. Pulte posted a letter on X saying Cook falsified bank records and property documents to lock in better mortgage deals. One of those homes was later listed for rent. He’s demanding the Department of Justice get involved. That’s not a small request. It adds more heat to the Trump administration’s long war against the Federal Reserve and its staff. Trump allies escalate mortgage fraud charges Pulte, who’s been echoing Trump’s frustration with the Fed, made the situation louder on CNBC. He claimed, “You cannot do that in America.” He was referring to Cook’s alleged tactic of calling two separate homes her main residence to get favorable loan terms. Pulte says one home went up for rent shortly after the deal closed. The accusation is simple: Cook claimed two primary residences, which is illegal under federal mortgage law. Pulte insisted there’s nothing political about it. “There’s no funny business here,” he said. “This is straightforward stuff, and if you commit mortgage fraud, especially in black and white, you will be prosecuted.” Trump isn’t new to beef with the Federal Reserve. He’s constantly bashed Fed Chair Jay Powell, calling him a “moron” and a “numbskull” for refusing to slash interest rates during his time in office. He’s also furious over the Fed’s decision to spend $2.5 billion renovating its Washington headquarters. White House pushes limits of Fed firing rules The fight over Cook’s position is not political; it is economical and it’s legal. Federal law says central bank governors can only be removed for “cause”, which usually means serious misconduct. That’s the only way a sitting board member like Cook can be kicked out before their term ends. Pulte argued on air that there’s “of course” cause to remove Cook, and then suggested Jay Powell could be the one to do it. “I’ll tell you this, Jay Powell, he has a chance to do the right thing by the law,” Pulte said. But that idea hits a wall. According to the Federal Reserve Act of 1913, only the president can remove a Fed board member. That legal wall got taller earlier this year. The Supreme Court suggested that the president can’t just fire Federal Reserve governors because he doesn’t agree with their decisions. So even if Trump wants Cook out, even if Pulte is screaming fraud, the law might not be on their side. Not yet. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more