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Bitcoin Faces New Uncertainty As Court Blocks Trump’s $10 Billion Tariffs | US Crypto News

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Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee to read about recent developments regarding US President Donald Trump’s proposed tariff policies after a federal court judge ruled them unconstitutional. What does this mean for Bitcoin (BTC) and crypto?

Crypto News of the Day: Federal Court Strikes Down Trump’s “Liberation Day” Tariffs

A federal court has dealt a major blow to President Donald Trump’s aggressive trade agenda by striking down his widely publicized “Liberation Day” tariffs, ruling the executive action unconstitutional. 

The US District Court for the District of Columbia sided with a coalition of businesses, trade groups, and international allies who argued the tariffs violated the Constitution’s separation of powers.

Trump announced the tariffs earlier this year as a core pillar of his economic strategy. The tariffs targeted imports from China, Mexico, and Canada, slapping levies on key goods like automobiles, electronics, and agricultural products. 

Trump had framed the policy as a move to “free America from foreign economic dependence.” However, the court disagreed with the legality of bypassing Congress.

Instead, the ruling emphasized that the Constitution grants Congress, not the president, the primary authority to regulate international trade under the Commerce Clause.

“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.

The decision leaves the future of Trump’s trade policy in limbo, with White House Deputy Chief of Staff for Policy and Homeland Security Advisor Stephen Miller calling the federal trade court ruling a judicial coup. 

“The judicial coup is out of control,” Miller wrote in a post.

Meanwhile, the White House, which slammed the ruling as “judicial overreach,” vowed to appeal. 

Legal analysts anticipate the case will escalate to the Supreme Court, with broader implications for executive power. 

The tariffs have been put on hold, sending ripples through global markets. Futures rallied on the news, and the 10-year Treasury yield spiked above 4.5% amid investor reassessment.

Meanwhile, with rising bond yields, experts say Bitcoin could soar to $500,000, as a recent US Crypto News publication indicates.

Court Rejects Trump’s $10 Billion Tariffs: Crypto Volatility Looms

According to analyst Kyledoops, the blocked tariffs could lead to as much as $10 billion in repayments, including $3.5 billion to China alone. 

Political reactions have been deeply polarized. Conservative commentator Pamela Geller labeled the ruling “judicial tyranny.” She claimed the courts only intervene when Republican presidents assert authority. 

Meanwhile, liberal outlet Truth Matters hailed the decision 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.

With trade policy now tangled in legal battles, the so-called trade war has shifted from the global stage to the courtroom. This leaves uncertainty for markets, allies, and America’s economic direction.

Markets are reacting positively, with crypto equities or stocks posting notable gains pre-market. 

Chart of the Day

10-year US Treasury Yield10-year US Treasury Yield. Source: MarketWatch

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

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