Supreme Court Reviews Trump’s Tariff Authority: Implications for Crypto Markets

On November 5, 2025, the U.S. Supreme Court will hear whether Trump’s use of the IEEPA justifies global tariffs without congressional approval, a case with significant implications.

The decision could redefine presidential authority, affecting trade policies and constitutional balances, with potential impacts on financial and cryptocurrency markets due to heightened economic uncertainty.

Supreme Court Reviews Trump’s Tariff Powers Under IEEPA

The U.S. Supreme Court conducted oral arguments to decide if Donald Trump could implement global tariffs without congressional endorsement. This follows a series of legal challenges questioning executive authority under IEEPA. Twelve U.S. states, alongside small businesses such as Learning Resources, argue that Trump’s actions exceed legal limits.

The ongoing examination of Trump’s tariff measures has implications for the constitutional structure, testing whether broad tariff powers can be wielded unilaterally by the president. Supporters argue it could empower future presidents, while detractors warn of unchecked executive power. Rick Woldenberg, CEO of Learning Resources, noted, “They’ve thrown our business into unbelievable disruption.”

Immediate reactions are diverse, with Polymarket showing a 61% probability that the court will reject Trump’s argument. Notably, Rick Woldenberg, CEO of Learning Resources, decided to challenge the tariffs, recounting the “devastating impact” on his toy company.

Cryptocurrency Market Reacts to Trade Uncertainty

Did you know? Previous episodes of trade wars, such as those from 2018 to 2020, often heightened interest in crypto assets as hedges against economic uncertainty, highlighting a pattern likely to recur amid the current tariff case.

Bitcoin (BTC) currently trades at $101,576.54 with a market cap of $2.03 trillion and holds a 60.22% dominance. Over 24 hours, trading volumes soared 34.75% to $111.29 billion, while BTC price dropped by 2.26%. Information source: CoinMarketCap.

Coincu’s research team suggests potential shifts in global trade may catalyze increased cryptocurrency activity. Given historical trends, a flight to safe-haven assets like Bitcoin and stablecoins could occur, impacting their valuations and influencing future crypto market dynamics. Market watchers are particularly attentive to developments as the U.S. and China engage in preliminary trade consensus discussions. For more details, check out the detailed coverage on the U.S.-China Preliminary Trade Consensus.