The regulatory landscape is shifting. Federal Reserve governor Michael Barr recently highlighted concerns about ongoing investigations into Fed leadership, warning that such moves could undermine the central bank's institutional independence. For crypto markets, this matters more than you might think. When the Fed's autonomy is questioned, it creates uncertainty around monetary policy decisions—the very decisions that influence liquidity flows, interest rates, and ultimately, how capital moves across asset classes including digital assets. The tension between oversight and independence has been a recurring theme in financial governance. Traditionally, central banks operate with a degree of separation from political pressure to protect long-term economic stability. Any erosion of that independence could reshape how quickly policy pivots occur, affecting everything from bond yields to crypto volatility. Investors watching these dynamics know that policy predictability is as valuable as policy itself. Ambiguity around Fed autonomy adds another layer of unpredictability to already volatile markets.