Morning Minute: Supreme Court Rules Against Trump Tariffs
The post Morning Minute: Supreme Court Rules Against Trump Tariffs appeared on BitcoinEthereumNews.com.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors are red but rebounding after a Sunday selloff; BTC at 66.4k Ethereum’s upcoming FOCIL upgrade will make it censorship-resistant Tether’s USDT supply down nearly $4B from local peak The Bitcoin ETFs saw nearly $300M in net outflows last week TokenWorks S2 to debut today 🏛️ Supreme Court Rules Against Trump Tariffs The ruling everyone has been waiting on finally dropped Friday. But markets largely shrugged it off. 📌 What Happened The Supreme Court ruled 6-3 that President Trump’s sweeping “Liberation Day” tariffs exceeded his authority under the International Emergency Economic Powers Act. Chief Justice Roberts wrote in the majority that the administration’s reading of IEEPA would represent a “transformative expansion of the President’s authority over tariff policy” with no precedent in US history. Trump called the ruling “anti-American” on Truth Social and within hours announced a new 15% global tariff under Section 122 of the Trade Act of 1974, a completely different legal authority. Bitcoin initially dipped to $66,900 on the release, then climbed to nearly $67,800, before settling back near $67,000. Equities actually grinded higher. Then Sunday night, the selloff came. Bitcoin went as low as $64k, down nearly 5%, as ETH fell below $1,900 and SOL fell below $80. Stock futures are opening red, with the Nasdaq down 0.7%. 🗣️ What They’re Saying “A negative ruling on tariffs could potentially hurt Treasuries and the dollar, while favoring stocks and crypto.” – Stephen Coltman, Head of Macro, 21Shares “Reduced tariff revenues mean money printing and debasement will accelerate.” – Matthew Sigel, Head of Research, VanEck 🧠 Why It Matters The immediate crypto reaction, a 1-2% pop…
Filed under: News - @ February 23, 2026 2:24 pm