Here's a full breakdown of the major Trump & Federal Reserve related bills and actions: Trump & The Federal Reserve — Key Developments 1. Trump $250 Bill Featuring His Portrait A bill (H.R. 1761) has been introduced to amend the Federal Reserve Act to require the Secretary of the Treasury to print $250 Federal Reserve notes featuring a portrait of Donald J. Trump. (GovInfo) This bill was referred to the Committee on Financial Services. 2. Trump Orders Fed to Open Payment Rails for Crypto Trump has ordered U.S. financial regulators to evaluate barriers restricting crypto and fintech firms from direct participation in central payment infrastructure. The review covers both policy interpretation and institutional authority within the Federal Reserve system. (International Business Times) The order requires the Fed to report its findings, options and recommendations within 120 days. (Payments Dive) 3. Trump vs. Fed Independence Trump wrote a letter to Federal Reserve Governor Lisa Cook stating she was "hereby removed" from her position, though the Supreme Court intervened to keep Cook in her position. Trump's attempt represents the latest in a growing list of actions to influence the central bank. (International Banker) 4. Interest Rates Outlook The nonpartisan Congressional Budget Office expects the Federal Reserve to cut short-term rates in 2026, with its key interest rate settling at 3.4% towards the end of Trump's term in 2028. (Yahoo Finance) Bottom Line Trump's relationship with the Federal Reserve is historic and controversial — from installing Kevin Warsh as Chair, attempting to remove governors, pushing for rate cuts, and now expanding crypto access through the Fed's payment system. Would you like a deeper dive into any of these specific topics?