Miami-based investment firm Azoria Capital filed a lawsuit against Fed Chair Jerome Powell, alleging closed-door policy meetings violate transparency laws and accusing politically motivated interest rate decisions. The lawsuit challenges the Federal Open Market Committee’s private deliberations, citing the Government in the Sunshine Act. CEO James Fishback states they will not allow the Fed to undermine the President and harm Americans.

Fed policy shifts impact the economy and crypto markets. Rate cuts boost liquidity, driving risk assets like Bitcoin. Bitcoin currently trades near $119,137.96, up 13% in the past month. Powell called Bitcoin “digital gold” but emphasized it’s not a dollar rival. Traders closely monitor FOMC meetings for crypto landscape impact.

Azoria CEO Fishback claims inflation is at a four-year low under Trump, criticizes Powell for maintaining high-interest rates. Fishback advocates for crypto, highlighting its economic benefits. He warns against the long-term impacts of high interest rates, stating it costs taxpayers billions annually. The Fed declined to comment on the lawsuit.

Azoria Capital’s ETF, the Azoria 500 Meritocracy ETF (SPXM), excludes companies with diversity mandates. Fishback explains the fund’s criteria and justifies the exclusion of companies like Nike. He supports Trump and proposed a “DOGE dividend” idea. Fishback also formed a PAC to support President Trump.

Read more at Yahoo Finance: Trump-ally says he is ‘proud to sue’ Powell