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Coinwy > Blog > Market > Supreme Court Ruling on Tariffs: Impact on Crypto Markets
Market

Supreme Court Ruling on Tariffs: Impact on Crypto Markets

Thiago Alvarez
Last updated: January 21, 2026 11:32 pm
Thiago Alvarez
Published: January 21, 2026
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Supreme Court Ruling on Tariffs: Impact on Crypto Markets
Supreme Court Ruling on Tariffs: Impact on Crypto Markets
Key Points:
  • Jefferies advises hedging ahead of Supreme Court ruling on tariffs.
  • Potential $133–140B refunds and market volatility.
  • Crypto markets, especially Bitcoin, experience immediate impact.

Jefferies advises investors to hedge amid potential volatility from a delayed U.S. Supreme Court ruling on President Trump’s tariffs, enacted under the International Emergency Economic Powers Act, impacting various markets.

The court’s decision could lead to significant financial refunds or economic challenges, influencing cryptocurrency markets like Bitcoin, which previously rallied on ruling delays.

Jefferies, an investment firm, has advised investors to hedge against potential market volatility following an upcoming ruling by the U.S. Supreme Court on tariffs. This ruling is significant due to its unpredictable nature and broad market implications. The tariffs in question were imposed by President Donald Trump under the International Emergency Economic Powers Act. The Supreme Court is currently assessing their legality, with a decision expected to have wide-ranging impacts on financial markets.

The crypto market, particularly Bitcoin, has already experienced a notable rally, increasing to over $97,200 amid the ruling’s delay. The uncertainty has prompted investors to react, seeking security ahead of potential market shifts. Financial implications include possible refunds amounting to $133–140 billion to importers, which could inject liquidity while also easing Federal Reserve policies. Conversely, upholding the tariffs risks fueling trade tensions and possibly dragging down GDP.

Potential outcomes include major financial volatility affecting risk assets. The tariff-related uncertainty has already led to Bitcoin appreciation and broader market surges, indicating the extent of concern among investors regarding the Supreme Court’s decision. “Unfortunately, there are no available primary source quotes from key individuals or organizations in direct relation to the U.S. Supreme Court ruling on President Trump’s tariffs, as specified in your guidelines.” Historically, tariff uncertainties have been linked to market sell-offs in equities and cryptocurrencies. However, specific precedents involving Supreme Court rulings on such economic matters are scarce, leaving the market guessing about future developments.

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