Opinion: Trump partners with the Treasury to promote a stablecoin framework, while JPMorgan is shorting MSTR in retaliation.

According to ChainCatcher news and Maryland HODL analysis, a power struggle within the currency system is unfolding in the United States. The Trump administration is quietly pushing for the return of currency issuance authority from the Fed system to the Treasury, using stablecoins and Bitcoin reserves to establish a new digital dollar framework. JPMorgan, as a core of the old system, counterattacks by shorting MicroStrategy (MSTR) and creating liquidity bottlenecks. MSTR has become a key bridge connecting traditional capital with Bitcoin architecture. The Trump team urgently needs to gain control of the Fed governance before the Fed Board vote in February 2025, or they will miss the historic window to reconstruct the monetary system. This is not just a financial or political issue, but the largest transfer of monetary sovereignty since 1913.