President Trump’s controversial attempt to dismiss Federal Reserve Governor Lisa Cook for alleged mortgage fraud is facing legal challenges and sparking market uncertainty. Cook, appointed by President Biden as the first Black woman on the Fed Board, asserts that Trump lacks the authority to remove her, prompting a potential historic legal battle. Her rejection of these claims will be key to determining her legal standing, with Cook planning to file a lawsuit against the decision. This move has raised concerns about the stability and independence of the Federal Reserve, potentially impacting inflation, market stability, and global financial assets like Bitcoin and Ethereum.