US Supreme Court's Tariff Decision: What It Means for Bitcoin's Price

Source: CryptoNewsNet Original Title: What Will the US Supreme Court Decide on Trump’s Tariffs? How Will It Affect the Price of Bitcoin (BTC)? Here’s Everything You Need to… Original Link:

Background

The tariffs that triggered major crashes in Bitcoin and altcoins may be coming to an end. According to recent reports, the US Supreme Court is expected to rule on the legality of the tariff measures implemented by President Donald Trump and his administration.

The Supreme Court announced that judges would meet in closed session on January 9 and might reach a decision regarding tariff-related cases. However, there has been speculation that the decision may be postponed.

Legal Considerations

Experts say the focus is on whether the tariffs imposed by the Trump administration, based on the International Emergency Economic Powers Act (IEEPA), are permissible under the Constitution and related laws.

If the court finds these measures unconstitutional or illegal, the question will arise as to whether those who have already paid customs duties will have the right to a refund.

Market Response and Expert Opinions

Market experts note that even if the Supreme Court blocks the tariffs, the administration is likely to keep them in place through other legal means. Jose Torres, chief economist at a major financial institution, stated: “Even if the court blocks the tariffs, it’s highly likely the administration will find a solution through other legal means. A sudden shift in overall policy stance is unlikely.”

Kevin Hassett, director of the White House National Economic Council, also indicated that Trump is prepared for every decision outcome.

Impact on Bitcoin

Experts highlight that the direction of the Bitcoin price depends significantly on the US Supreme Court’s decision regarding Trump’s tariffs.

• Favorable ruling: If the court finds customs tariffs unconstitutional, this could ease companies’ cost burdens and potentially boost risk appetite, which would be positive for Bitcoin.
• Unfavorable ruling: An unexpected outcome could trigger a sharp correction for BTC.

The crypto market will likely remain volatile until the Supreme Court reaches its final decision.