#数字资产动态追踪 The Supreme Court of the United States will have a verdict on the tariffs case this Friday, and this ruling could reshape policy expectations in the crypto market.$BTC $ETH

The final decision by the U.S. Supreme Court on tariff policies will be made on January 9th—this is not just a trade issue; it will have a direct impact on the crypto circle and global financial markets.$BNB

How did this lawsuit come about? Small and medium importers in the U.S. teamed up with Democratic-led states to file a lawsuit. The core controversy boils down to one question: Is the Trump administration abusing its power under the guise of a "national emergency"? The International Emergency Economic Powers Act was originally a tool to be used only during genuine crises, but now it’s being used to impose comprehensive tariffs— is this illegal? During a court hearing in November last year, both conservative and liberal justices frowned and expressed concerns about this approach.

Trump’s tariff structure actually consists of three parts: first, a globally uniform 10% baseline tariff; second, "Fentanyl tariffs" targeting Canada, Mexico, and China; third, "reciprocal tariffs" on regions like Asia, the EU, and Brazil. The White House calls this set of policies the "economic agenda cornerstone." If the court rules that the government overstepped its authority, this cornerstone will be shattered.

Economic pressures are already evident. The deficit will continue to worsen, and long-term government bond yields could rise. The Federal Reserve, retailers, and think tanks are all saying the same thing: tariffs have clearly driven up prices. In the November elections, the Republican losses in three eastern states were widely attributed to one reason—public dissatisfaction with rising prices. The latest polling data is sobering: only about one-third of Americans approve of the current economic management.

The White House has already begun to compromise. Products like coffee, bananas, and beef have been gradually removed from the tariff list, showing how strong the political pressure is. With the mid-term elections in 2026 approaching, control of Congress will directly determine whether these policies can continue. Recently, Trump publicly stated that the Republican Party must win the election, or he might face impeachment.

Therefore, the verdict on this tariff case is not just an economic issue—it will influence U.S. dollar policies, trade expectations, and even global capital flows. For crypto assets? Macroeconomic policy uncertainty often triggers safe-haven demand, and during such times, BTC and ETH usually enter new phases of competition. Watching this ruling is essentially watching the market rhythm for the coming months.