US Court Kicks Trump’s Tariffs to the Curb: Will Crypto Do a Happy Dance?

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In a turn of events so sudden it makes you wonder if Wall Street is playing a practical joke, the US court stepped in on May 28th to give President Trump’s “Liberation Day” tariffs a good old-fashioned clout on the ear. Or at least, that was the hope, though history suggests tariffs are about as popular as a skunk at a garden party.

The big boss in the courtroom (well, the trade court, but let’s not get bogged down in technicalities) declared that the tariffs, slapped on countries with more US dollars than a banker’s Christmas bonus, were as illegal as a cat at a dog show. Turns out, only Congress has the privilege of playing Tariff Santa, not the President with a pen. Fancy that, old chap! 🎩

This kerfuffle is a victory lap for the principle that even mighty Presidents are not above the law—makes you want to sit up, take notice, and maybe sip a stiff drink. The court’s ruling is a stark reminder that trade policies are usually under the legislative microscope, not some executive whimsy.

Another bull opportunity? 🐂

Now, while a few shilly-shallying days might leave investors scratching their heads, the overall picture looks brighter than a new pin. The tariffs are on hold, and that’s just the kind of news that fuels the fire of investor optimism—like throwing a new log on a bonfire.

Meanwhile, macroeconomic events continue to dance around the markets like a British butler at a garden party—occasionally knocking over the tea but generally keeping things in order. The Federal Reserve’s Minutes released on the same day sent a slight ripple through the stock and crypto seas, with the S&P 500 dropping a tiny 0.56%, and the entire crypto market cap retreating a smidge to $3.42 trillion. Not quite a calamity, but enough to make you sit up and take a sip of your gin.

Bitcoin, that digital darling, initially dipped below $107,000 as the Fed whispered tales of inflation lurking around the corner. But with tariffs taking a breather, Bitcoin cheerfully bounced back to the $108,000 neighborhood, like a pup after a scolding. Bitcoin bouncing back like a happy puppy

Ethereum, the other glittering star of the blockchain party, also enjoyed a bit of a high tea, peaking at $2,784 earlier today. This volatile creature swings about more than a marionette in a hurricane, but it seems to be holding its own in the grand scheme of things. Ethereum shining brightly

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2025-05-29 13:31