11 Major Central Banks Rally Behind Powell as Trump Escalates $2.5B Investigation

Central Banks have rallied behind Fed Chair Jerome Powell after a DOJ probe tied to a $2.5B renovation of the Fed’s Washington HQ. In a joint note, 11 counterparts cited independence as key to price stability. Powell has said rate policy is under pressure; Trump has denied directing Justice inquiry.
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Coinbase Threatens to Pull Backing for Senate Crypto Bill: Report

Coinbase may reconsider supporting digital-asset market structure legislation if Senate negotiators include language preventing platforms from offering stablecoin incentives, as traditional banking groups push restrictions beyond the GENIUS Act framework that bars issuers from paying direct interest while allowing third-party rewards amid stalled bipartisan negotiations and January 15 markup deadline.
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