U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

June 21 — Tonya M. Evans, a Forbes columnist and cryptocurrency law and policy expert, pointed out that as the 2026 primary season heats up, political donations from the crypto industry are flowing into Democratic primary campaigns at an unprecedented scale. A targeted strategy focused on Black voting districts has sparked controversy over a practice critics have dubbed "Blackwashing." Protect Progress, a Democratic-aligned group under the Fairshake Network, which is funded by Coinbase, Ripple, and Andreessen Horowitz (a16z), has spent more than $4.9 million to support Maryland House candidate Adrian Boafo in the majority-Black 5th Congressional District. Ads running in the district only touch on restricting ICE enforcement, opposing former President Trump, and addressing cost-of-living issues — with no mention of cryptocurrency whatsoever. Former MSNBC host Joy Reid publicly labeled this tactic "Blackwashing" on her show: a strategy where the crypto industry cloaks itself in progress

June 21 — Tech companies are reshaping the global investment landscape, with the information technology (IT) sector now comprising roughly 38% of the MSCI USA Index. This benchmark tracks mid- and large-cap U.S. stocks, covering around 85% of the total U.S. market capitalization. That share has jumped a notable 15 percentage points over the past four years. The IT sector also makes up approximately 44% of the MSCI Emerging Markets (EM) Index, which includes mid- and large-cap stocks from 24 emerging market nations, representing about 85% of each country’s local market capitalization. Since 2022, the technology sector’s weight in this index has more than doubled. Over the same period, the IT sector’s portion of U.S. investment-grade bond issuance has surged more than three times its prior level, hitting a record high of roughly 20%. The current market reality? Tech is everything.

June 21 — Bernstein senior semiconductor analyst Stacy Rasgon, an 18-year industry veteran with an MIT PhD and engineering background, is calling this the first true semiconductor supercycle he’s witnessed in his career. Rasgon shared eye-opening data: the semiconductor industry hit $800 billion in total revenue last year and is now on track to surge to $1.3 trillion in 2024. Every subsector — from accelerators and memory to semiconductor equipment, network optics, power chips, and even CPUs — is grappling with unprecedented demand. “The only widespread consensus right now is that no one has enough computing power,” Rasgon noted. Take memory, for example: high-bandwidth memory (HBM) used in AI chips makes up over 85% of the chip’s total silicon area, and producing 1GB of HBM requires roughly four times more silicon than standard DRAM. Even as fabs ramp production at full tilt, capacity gains remain tight — a supply-demand mismatch that’s even benefiting Intel. Its previously written-

June 21 — Iranian President Raisi states that his country will not give up its right to uranium enrichment, and the other side must accept this core condition.

(June 21) — The U.S. is hopeful the first round of talks focused on Iran’s invitation for United Nations inspectors to visit its nuclear facilities will conclude, sources familiar with the matter said. The facilities in question were previously bombed by the U.S. and Israel. The last such inspection took place in June 2025.

On June 21, U.S. President Donald Trump took to Truth Social to issue a sharp warning: Iran must immediately halt its proxy group, Lebanese militant Hezbollah, from fomenting chaos. If Iran fails to comply, Trump threatened, the U.S. will once again strike Iran hard — just as it did last week, and even harder.