How Crypto and US Stocks Reacted to the Supreme Court’s Trump Tariff Ban
US financial markets and cryptocurrencies rose after the Supreme Court struck down former President Trump's sweeping global tariffs, easing economic uncertainty.Summary
The Supreme Court ruled that former President Donald Trump exceeded his authority by imposing broad global tariffs using emergency powers without Congressional approval, thereby restoring Congress's primary control over tariffs. This decision immediately boosted US financial markets; the S&P 500 gained about 0.40% and the Nasdaq rose roughly 0.70%, signaling renewed investor confidence. Concurrently, the global crypto market cap climbed, with Bitcoin trading near $67,000. The positive reaction in both stocks and crypto is attributed to the reduction in trade uncertainty, which lowers inflation risks and improves liquidity expectations, benefiting risk assets like digital currencies. While the ruling limits presidential power over trade policy, it removes a significant macroeconomic threat that had previously stressed markets.
(Source：BeInCrypto)