#数字资产行情上升 【This Supreme Court Ruling Could Be More Game-Changing Than a Rate Cut】

The US judicial branch is about to make a move.

On January 9th, a court ruling sparked whispers across global markets. The focal point of the debate is actually quite simple:

Does the president's tariff authority have limits?

What does this decide? If the court rules against the executive branch, the tariffs already collected could be ruled "procedurally unlawful"; the total amounts involved range from $750 billion to $1 trillion; the treasury may have to return approximately 50% of it.

For the market, this is no small matter. Policy uncertainty often affects asset prices more than the policy itself. $BTC, $ETH, $SOL and other major cryptocurrencies are watching this opening—once the direction of macro policy shifts, on-chain capital flows adjust accordingly.

If tariff policy changes, it means the global trade landscape needs to be reordered, which directly impacts corporate profit expectations and also affects the Fed's room for follow-up action. Compared to the volatility of A-shares and Hong Kong stocks, crypto markets are sometimes even more sensitive.

So this Friday's ruling could be more important than any interest rate adjustment.