Crypto prices rally as Supreme Court strikes down Trump’s broad tariff regime
Crypto prices surged after the Supreme Court invalidated President Trump's extensive tariff regime, boosting Bitcoin and other major cryptocurrencies.Summary
Cryptocurrency prices, including Bitcoin (BTC) jumping 1.75% to $67,769, rallied following the U.S. Supreme Court's decision on Friday to strike down President Donald Trump's broad tariff regime. Other major cryptos like Ethereum and Solana also saw gains, alongside crypto-related stocks such as Coinbase. The ruling determined Trump lacked the authority to impose sweeping global tariffs under the International Emergency Economic Powers Act (IEEPA), necessitating renegotiation of restrictive trade policies. Experts suggested this ruling could favor assets like stocks and crypto, as reduced tariff revenues might lead to accelerated "money printing and debasement," positioning Bitcoin as a potential hedge against inflationary monetary policy.
(Source：The Block)