How Crypto and US Stocks Reacted to the Supreme Court’s Trump Tariff Ban

The Supreme Court struck down former President Donald Trump’s sweeping global tariffs, ruling he exceeded his authority by using emergency powers without congressional approval. The decision restores Congress as the primary authority over tariffs and limits the president’s ability to reshape trade policy unilaterally.

Markets reacted quickly: the S&P 500 rose about 0.40% and the Nasdaq gained roughly 0.70%, with technology stocks leading gains. The global crypto market cap climbed to about $2.38 trillion and Bitcoin traded near $67,000, while gold briefly dipped before recovering.

Removing the threat of broad tariffs removed a major source of trade and economic uncertainty, lowering inflation risks and improving liquidity expectations. That shift supported risk assets, and cryptocurrencies — sensitive to global liquidity and investor confidence — moved higher alongside stocks, suggesting investors are regaining confidence after weeks of geopolitical and economic stress.

United States

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