Overview
- The Supreme Court is expected to decide today on the legality of President Trump’s reciprocal tariffs, a move traders view as the next major crypto market catalyst.
- Crypto has posted recent gains after the December CPI report, with Bitcoin briefly topping $94,000, while prices show cautious strength as investors await the ruling.
- The case tests whether emergency authority under IEEPA allowed broad tariff setting and whether the levies operate as taxes that only Congress can impose.
- If the tariffs are struck down, the U.S. could face refunds upwards of $130 billion, and Trump warned that undoing the policy would “screw” the country.
- Analysts say any crypto bounce could be short-lived because the administration still has other tariff tools under Sections 232, 201, 301, 122, and 338.