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Eric Trump stated that cryptocurrency, at the intersection of traditional finance, decentralized finance, and centralized finance, must become more user-friendly in order to achieve mass adoption. (Cointelegraph)

Golden Ten Data reported on April 30 that it is uncommon, though not unprecedented, for Powell to remain as a governor after his term as Federal Reserve Chairman ends. Most modern Federal Reserve Chairmen have left the Board after their term concluded. Powell’s predecessor, Yellen, left the Federal Reserve in 2018 to join the Brookings Institution, and was later appointed as Biden’s Treasury Secretary in 2020. The only exception was Eccles, who served as Federal Reserve Chairman from 1934 to 1948 and remained on the Board for another three years. Regarding the issue of how much power the White House should have in setting interest rates, Eccles had a conflict with Truman, in which he played a key role—this confrontation ultimately ensured the Federal Reserve’s modern independence. During his tenure as Chairman, Powell has not shied away from dealing with political pressures faced by the Federal Reserve. He made it clear on Wednesday that his decision to remain was not the result of any politician’s verbal attacks, but rather a consequence of legal actions taken against the Federal Reserve.

Eric Trump stated that Bitcoin supports 24/7 trading, has low global circulation costs, is not affected by wars or governments, and has achieved an average annual return of 70% over the past decade. (Cointelegraph)