The U.S. Department of Justice has subpoenaed the Federal Reserve as part of an investigation into allegations that Federal Reserve Chair Powell made misleading statements regarding the scope and scale of Fed reserve holdings. This development has raised questions about monetary policy transparency and the accuracy of official communications to Congress and the public. Such regulatory scrutiny on central bank leadership could have significant implications for market expectations around interest rates, inflation policy, and broader macroeconomic conditions—factors that directly influence crypto asset valuations and institutional sentiment toward digital assets.