Azoria Capital Sues Fed Over Closed-Door Meetings, Citing Impact on Bitcoin Market

On July 25, Azoria Capital, an investment firm backed by supporters of former President Trump, initiated legal action against Federal Reserve Chairman Jerome Powell and other Fed officials. The lawsuit challenges the Federal Open Market Committee’s (FOMC) longstanding practice of conducting monetary policy meetings behind closed doors, arguing that this approach breaches federal transparency regulations. Azoria Capital has formally petitioned a Washington federal court to mandate an open FOMC meeting scheduled for July 29-30. The firm expressed concerns that the Fed’s current strategy under Powell, particularly the sustained elevated interest rates, conflicts with the economic objectives championed during Trump’s administration, potentially impacting the broader U.S. economy and its citizens. This case underscores ongoing debates about transparency and accountability in central banking decisions.