As the end of July approaches, people in the crypto world are closely following the latest developments in U.S. financial policy. The Fed is set to hold a highly anticipated monetary policy meeting from July 29 to 30, and the outcome of this meeting will have a significant impact on global financial markets.

According to the latest data from CME Group, the market generally expects the Fed to keep the current interest rate unchanged in this meeting, with a probability as high as 97.4%. Meanwhile, there is still a small probability of 2.6% that the Fed may choose to cut interest rates by 25 basis points. This data reflects investors' cautious attitude towards the direction of US monetary policy.

However, on the eve of the meeting, a high-profile legal lawsuit sparked public discussion about the transparency of the Fed's decision-making process. Azoria Capital, an investment firm led by Trump supporters, filed a lawsuit against Fed Chairman Powell and other senior officials on July 24. The firm is requesting that the Federal Open Market Committee (FOMC) open its upcoming policy meeting to the public, arguing that the current practice of closed-door meetings violates the Sunshine Act established in 1976.

This lawsuit not only challenges the long-standing operations of the Fed, but also provokes in-depth reflection on the openness and transparency of the central bank's decision-making process. Regardless of the outcome of the lawsuit, it highlights the increasing public concern regarding the financial policy-making process.

As the conference date approaches, market participants will continue to closely follow any new information that may affect decisions. Each decision by the Fed could have far-reaching impacts on the global economy and financial markets, including potential repercussions on the digital currency market. During this period of uncertainty, investors and analysts are striving to interpret various economic indicators in order to predict the direction of actions the Fed may take.