Trump Pushes for Fed Governor Lisa Cook’s Resignation Amid Fraud Allegations

Federal Reserve Board Governor Lisa Cook faces mortgage fraud allegations, prompted by U.S. President Donald Trump, seeking her resignation and DOJ investigation efforts on August 20, 2025.

These allegations could impact financial markets, with potential regulatory changes influencing macro risk environments and digital asset volatility.

Trump’s Resignation Call Fuels Fed Controversy

Federal Governor Lisa Cook has been accused of mortgage fraud, reportedly falsifying financial documents to secure favorable loan terms. President Donald Trump, via Truth Social, demanded Cook’s resignation, stating, “Cook must resign, now!!!” The U.S. Department of Justice is taking the matter seriously, with Bill Pulte, a Trump ally, referring the case for investigation. As of now, no official statement from Cook.

While market reactions remain subdued, financial sectors are monitoring the situation closely. No unusual cryptocurrency price movements were observed, but the event’s ramifications are being watched.

Bitcoin’s Stability Amidst Fed Allegations

Did you know? In 2021, allegations of ethical violations against U.S. Fed governors did not cause sustained crypto price drops, though they temporarily impacted confidence.

Bitcoin (BTC) trades at $113,697.24, with a $2.26 trillion market cap and a 59.11% dominance, reports CoinMarketCap. The 24-hour trading volume stands at $71.78 billion, showing a 10.19% change. Prices have fallen 0.15% over 24 hours and 6.14% over seven days.

Expert insights from the Coincu research team highlight that while regulatory focus intensifies, immediate technological impacts remain unlikely. However, as investigations proceed, potential regulatory changes could indirectly affect digital asset markets if broader monetary policies from the Fed shift significantly.