#数字资产行情上升 【The Supreme Court Ruling Might Be More Reversal Than Rate Cuts】

The U.S. Department of Justice is taking action recently.

On January 9th, a court ruling sparked whispers across global markets. The debate's focus is actually quite simple:

Is there an upper limit to the tariffs the President can impose?

What does this decision affect? If the court rules against the administrative agency, the tariffs already collected could be deemed "procedurally illegal"; the involved amounts range from $750 billion to $1 trillion; the Treasury might have to refund about 50% of that.

For the market, this is no small matter. Policy uncertainty often causes more turbulence in asset prices than the policies themselves. Mainstream cryptocurrencies like $BTC, $ETH, and $SOL are all watching this gap—when the macro policy direction shifts, on-chain fund flows adjust accordingly.

If tariff policies change, it means the global trade landscape will need to be reordered, directly impacting corporate profit expectations and the Federal Reserve's subsequent policy space. Compared to the volatility in A-shares and Hong Kong stocks, the crypto market's sensitivity can sometimes be even higher.

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