US Crypto News Morning Briefing: Key updates on Bitcoin, Ethereum, stablecoin regulations, and major exchange moves shaping the market today.
Obtain a cup of coffee and peruse the most recent developments concerning the proposed tariff policies of US President Donald Trump, which were declared unconstitutional by a federal court justice. What implications does this have for Bitcoin (BTC) and cryptocurrency?
Crypto News of the Day: The Federal Court has invalidated Trump’s “Liberation Day” tariffs
The executive action of President Donald Trump’s widely publicized “Liberation Day” tariffs has been declared unconstitutional by a federal court, thereby dealing a significant setback to his aggressive trade agenda.
The US District Court for the District of Columbia sided with a coalition of businesses, trade groups, and international allies who contended that the tariffs violated the Constitution’s separation of powers.
Trump declared tariffs earlier this year as a fundamental component of his economic strategy. The tariffs were imposed on critical commodities, including automobiles, electronics, and agricultural products, emphasizing imports from China, Mexico, and Canada.
Trump had characterized the policy as an effort to “liberate America from foreign economic dependence.” Nevertheless, the court rejected the legality of circumventing Congress.
Instead, the ruling underscored that the Constitution’s Commerce Clause grants Congress, not the President, the primary authority to regulate international commerce.
“The President’s assertion of tariff-making authority in the instant case, unbounded as it is by any limitation in duration or scope, exceeds any tariff authority delegated to the President under IEEPA,” the judges determined.
Stephen Miller, White House Deputy Chief of Staff for Policy and Homeland Security Advisor, has characterized the federal trade court ruling as a judicial coup, leaving the future of Trump’s trade policy ambiguous.
“The judicial coup is out of control,” Miller wrote in a post.
In the interim, the White House, which condemned the ruling as “judicial overreach,” declared its intention to file an appeal.
According to legal analysts, the case is expected to escalate to the Supreme Court, which will have broader implications for executive power.
Global markets have experienced repercussions as a result of the tariffs’ suspension. The 10-year Treasury yield surged above 4.5% amid investor reassessment, and futures rallied in response to the news.
In the meantime, a recent publication by US Crypto News suggests that Bitcoin could reach $500,000 due to the increasing bond yields.
The court has rejected Trump’s $10 billion tariffs, and cryptocurrency volatility is possible
The blocked tariffs could result in up to $10 billion in repayments, with $3.5 billion going to China alone, according to analyst Kyledoops.
The political responses have been profoundly polarized. Pamela Geller, a conservative commentator, referred to the ruling as “judicial tyranny.” She asserted that the courts only intervene when Republican presidents assert authority.
The decision was praised by the liberal outlet Truth Matters as a critical test of constitutional checks and balances.
“I think we have reached what is an absolute pivotal moment in Trump’s attempt to run an international criminal extortion gang from the Oval Office,” the outlet posted on X.
The “trade war” has transitioned from the global stage to the courtroom due to the current legal disputes surrounding trade policy. Markets, allies, and the economic trajectory of the United States are all left uncertain.
The markets respond favorably, with crypto equities or securities experiencing substantial gains before the market opening.
