Azoria Capital Sues Federal Reserve Over Transparency Violations, Citing Sunshine Act

- Azoria Capital sues Federal Reserve, alleging violations of the federal Sunshine Act. - Lawsuit demands public access to the upcoming FOMC monetary policy meeting. On July 24, 2025, investment firm Azoria Capital, led by CEO James Fishback, filed a federal lawsuit in the U.S. District Court for the District of Columbia against Federal Reserve Chair Jerome Powell and members of the Federal Open Market Committee (FOMC). The suit accuses the Fed of holding closed-door meetings in violation of the Government in the Sunshine Act of 1976. According to July 24 reports from Fox Business, Stocktwits, and Bloomberg Law News, Azoria Capital is seeking a temporary restraining order to make the FOMC's July 29-30 meeting public. The firm contends that withholding information creates a competitive disadvantage for market participants like Azoria. In its court filing, Azoria explained that without public access, it "cannot fully consider and protect itself against Federal Reserve policy shifts that can create volatility." Azoria’s lawsuit further asserts that the FOMC's high interest rate policies are politically motivated, claiming they aim to "undermine President Donald J. Trump and his economic agenda." As an ally of the former president, Fishback has previously supported initiatives backing Trump’s policies. Court documents suggest the legal challenge is designed to compel greater transparency in the Fed's decision-making process. Meanwhile, on July 24, CBS News, Fox Business, and The Associated Press reported that Trump plans to visit Federal Reserve headquarters on the same day to scrutinize a $2.5 billion renovation project. This unprecedented visit reflects Trump’s escalating criticism of Powell, whom he holds responsible for not lowering interest rates. Trump has questioned the renovation’s cost and suggested it could justify his removal from office. The case adds to the mounting scrutiny of the Federal Reserve’s policies and intensifies pressure on Powell and the FOMC ahead of their July monetary policy meeting. Although the court has not yet responded to Azoria Capital’s plea for immediate relief, a ruling on the Sunshine Act claims could significantly influence how the Fed discloses monetary policy decisions to the public. On July 24, 2025, CoinMarketCap reported that as of 16:00 UTC, Bitcoin (BTC) was trading at $29,542, and its 24-hour trading volume had increased by 1.8%. The report also showed Ethereum (ETH) trading at $1,857, with its 24-hour volume up by 2.1%.