{"id":36362,"date":"2026-02-20T16:54:47","date_gmt":"2026-02-20T16:54:47","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=36362"},"modified":"2026-02-20T16:54:47","modified_gmt":"2026-02-20T16:54:47","slug":"bitcoin-pops-after-supreme-court-strikes-down-trumps-tariffs","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=36362","title":{"rendered":"Bitcoin Pops After Supreme Court Strikes Down Trump\u2019s Tariffs"},"content":{"rendered":"<p><a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a><br \/>\n<img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/02\/Pics-4-1.jpg\" \/><br \/>\n<a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/news\/bitcoin-pops-after-supreme-court\">Bitcoin Pops After Supreme Court Strikes Down Trump\u2019s Tariffs<\/a><\/p>\n<div><\/div>\n<p>The Supreme Court of the United States on Friday <a href=\"https:\/\/apnews.com\/article\/supreme-court-tariffs-trump-0485fcda30a7310501123e4931dba3f9\" target=\"_blank\" rel=\"noopener\">struck down<\/a> President Donald Trump\u2019s sweeping global tariff regime, ruling 6-3 that he exceeded his authority by imposing broad import duties under a national emergency law.<\/p>\n<p>The decision invalidates tariffs Trump levied in early 2025 under the International Emergency Economic Powers Act, a statute enacted in 1977 and historically used to sanction foreign adversaries during crises. Trump cited persistent trade deficits and national security concerns, including fentanyl trafficking, to justify <a href=\"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-surges-to-90000-twice\">duties ranging from<\/a> 10% to 50% on imports from nearly every major trading partner.<\/p>\n<p>Writing for the majority, Chief Justice John Roberts said the Constitution leaves little ambiguity about who controls the taxing power.<\/p>\n<p>\u201cThe Framers did not vest any part of the taxing power in the Executive Branch,\u201d Roberts wrote, adding that no previous president had used the statute to impose tariffs \u201cof this magnitude and scope.\u201d<\/p>\n<p>The ruling marks the first major test of Trump\u2019s second-term economic agenda before the high court, which includes three justices he appointed during his first term. Lower courts had already <a href=\"https:\/\/www.congress.gov\/crs-product\/R48435\" target=\"_blank\" rel=\"noopener\">found<\/a> that the administration overstepped, emphasizing that Article I of the Constitution assigns tariff authority to Congress.<\/p>\n<p>President Trump said he has a backup plan to pursue tariffs following the court ruling, according to various sources.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin jumps on the news\u00a0<\/h2>\n<p>In financial markets, the reaction was swift and unsettled. Bitcoin rose about 2% within minutes of the decision, briefly climbing above $68,000 before retreating toward $67,500. The move reflected a familiar pattern in digital asset markets, where headline-driven rallies have struggled to hold.<\/p>\n<p>The mixed response underscored the ambiguity surrounding the ruling\u2019s economic impact. For some investors, the invalidation of tariffs removes a source of policy uncertainty that has weighed on global trade.\u00a0<\/p>\n<p>For others, it introduces new questions about fiscal gaps, refund obligations and next steps from the White House.<\/p>\n<p>Reuters has <a href=\"https:\/\/www.reuters.com\/world\/us\/us-tariffs-that-are-risk-court-ordered-refunds-exceed-1335-billion-2026-01-06\/\" target=\"_blank\" rel=\"noopener\">reported<\/a> that more than $133 billion in tariff revenue collected under the emergency authority could be subject to refunds. Trump has said his broader tariff program generated roughly $600 billion, though that figure has been disputed. If significant sums must be repaid, Treasury financing needs could shift at a delicate moment for bond markets.<\/p>\n<p>Earlier Friday, economic data painted a complicated picture. The Commerce Department reported that the U.S. economy grew at a 1.4% annualized rate in the final quarter of 2025.\u00a0<\/p>\n<p>Core personal consumption expenditures, the Federal Reserve\u2019s preferred inflation gauge, rose 3% year over year, above expectations.\u00a0<\/p>\n<p>Annual growth for 2025 slowed to 2.2%, the weakest pace since 2020.<\/p>\n<p>Art Hogan, chief market strategist at B. Riley Wealth, described the data as sending a \u201cmessy message\u201d of firmer inflation alongside cooling growth, <a href=\"https:\/\/www.coindesk.com\/markets\/2026\/02\/20\/bitcoin-pops-then-drops-as-supreme-court-strikes-down-trump-tariffs\" target=\"_blank\" rel=\"noopener\">according<\/a> to <em>CoinDesk.<\/em> That backdrop has reinforced expectations that the Federal Reserve will proceed with caution on rate cuts.<\/p>\n<h2 class=\"wp-block-heading\">Is this ruling good for bitcoin?<\/h2>\n<p>For Bitcoin traders, the <a href=\"https:\/\/bitcoinmagazine.com\/politics\/supreme-court-cause-a-bitcoin-crash\">tariff case has been less about trade flows<\/a> than about liquidity and risk appetite. During prior episodes of trade escalation, digital assets tended to move in tandem with equities as investors reassessed growth and inflation risks.\u00a0<\/p>\n<p>A court decision that removes tariffs could ease cost pressures over time, yet the near-term effect hinges on how Washington fills any fiscal hole.<\/p>\n<p>Stephen Coltman, head of macro at 21Shares, <a href=\"https:\/\/www.theblock.co\/post\/390653\/crypto-prices-rally-as-supreme-court-strikes-down-trumps-broad-tariff-regime\" target=\"_blank\" rel=\"noopener\">said<\/a> before the ruling that a negative outcome for the administration could pressure the dollar and Treasuries while favoring stocks and bitcoin.\u00a0<\/p>\n<p>Others, including VanEck\u2019s Matthew Sigel, have argued that reduced tariff revenue could widen deficits, increasing the appeal of assets like bitcoin viewed as hedges against currency debasement.<\/p>\n<p>Online prediction markets had assigned high odds to the court striking down the tariffs, suggesting traders were prepared for the headline.\u00a0<\/p>\n<p>For now, the court\u2019s decision narrows presidential authority over tariffs and returns leverage to Congress. Whether lawmakers move to codify elements of Trump\u2019s trade agenda or chart a different course remains unclear.<\/p>\n<p>Bitcoin is trading near $67,600. <\/p>\n<p>This post <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/news\/bitcoin-pops-after-supreme-court\">Bitcoin Pops After Supreme Court Strikes Down Trump\u2019s Tariffs<\/a> first appeared on <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a> and is written by <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/authors\/micahzimmerman\">Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin Magazine Bitcoin Pops After Supreme Court Strikes Down Trump\u2019s Tariffs The Supreme Court of the United States on Friday struck down President Donald Trump\u2019s sweeping global tariff regime, ruling 6-3 that he exceeded his authority by imposing broad import duties under a national emergency law. The decision invalidates tariffs Trump levied in early 2025 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":36363,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-36362","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Pops After Supreme Court Strikes Down Trump\u2019s Tariffs - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=36362\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Pops After Supreme Court Strikes Down Trump\u2019s Tariffs - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Bitcoin Pops After Supreme Court Strikes Down Trump\u2019s Tariffs The Supreme Court of the United States on Friday struck down President Donald Trump\u2019s sweeping global tariff regime, ruling 6-3 that he exceeded his authority by imposing broad import duties under a national emergency law. 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