According to CoinMeta, and as reported by American ABC news sources, Trump is pursuing the removal of Federal Reserve Governor Lisa Cook on the grounds of "gross dereliction of duty." The White House sent a letter to Cook this week, requesting her to respond to the allegations within three weeks. This move comes after a Supreme Court ruling in June that upheld restrictions on the president's attempts to remove Federal Reserve members. Following the ruling, Trump stated that he would "immediately take appropriate action" to remove Cook from her position. Cook's lawyers have described these allegations as unfounded and indicated that they will challenge this latest pretext.