Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to read about recent developments regarding US President Donald Trump’s proposed tariff policies after a federal court judge ruled them unconstitutional. What does this mean for Bitcoin (BTC) and crypto?
Crypto News of the Day: Federal Court Strikes Down Trump’s “Liberation Day” Tariffs
A federal court has dealt a major blow to President Donald Trump’s aggressive trade agenda by striking down his widely publicized “Liberation Day” tariffs, ruling the executive action unconstitutional.
The US District Court for the District of Columbia sided with a coalition of businesses, trade groups, and international allies who argued the tariffs violated the Constitution’s separation of powers.
Trump announced the tariffs earlier this year as a core pillar of his economic strategy. The tariffs targeted imports from China, Mexico, and Canada, slapping levies on key goods like automobiles, electronics, and agricultural products.
Trump had framed the policy as a move to “free America from foreign economic dependence.” However, the court disagreed with the legality of bypassing Congress.
Instead, the ruling emphasized that the Constitution grants Congress, not the president, the primary authority to regulate international trade under the Commerce Clause.
“The President’s assertion of tariff-making authority in the instant case, unbounded as it is by any limitation in duration or scope, exceeds any tariff authority delegated to the President under IEEPA,” the judges determined.
The decision leaves the future of Trump’s trade policy in limbo, with White House Deputy Chief of Staff for Policy and Homeland Security Advisor Stephen Miller calling the federal trade court ruling a judicial coup.
“The judicial coup is out of control,” Miller wrote in a post.
Meanwhile, the White House, which slammed the ruling as “judicial overreach,” vowed to appeal.
Legal analysts anticipate the case will escalate to the Supreme Court, with broader implications for executive power.
The tariffs have been put on hold, sending ripples through global markets. Futures rallied on the news, and the 10-year Treasury yield spiked above 4.5% amid investor reassessment.
Meanwhile, with rising bond yields, experts say Bitcoin could soar to $500,000, as a recent US Crypto News publication indicates.
Court Rejects Trump’s $10 Billion Tariffs: Crypto Volatility Looms
According to analyst Kyledoops, the blocked tariffs could lead to as much as $10 billion in repayments, including $3.5 billion to China alone.
Political reactions have been deeply polarized. Conservative commentator Pamela Geller labeled the ruling “judicial tyranny.” She claimed the courts only intervene when Republican presidents assert authority.
Meanwhile, liberal outlet Truth Matters hailed the decision as a critical test of constitutional checks and balances.
“I think we have reached what is an absolute pivotal moment in Trump’s attempt to run an international criminal extortion gang from the Oval Office,” the outlet posted on X.
With trade policy now tangled in legal battles, the so-called trade war has shifted from the global stage to the courtroom. This leaves uncertainty for markets, allies, and America’s economic direction.
Markets are reacting positively, with crypto equities or stocks posting notable gains pre-market.
Chart of the Day
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
- The TACO trade thrives as Bitcoin’s correlation with the S&P 500 hits a multi-month high, showing crypto’s growing sensitivity to macro trade narratives.
- The US Dollar Index (DXY) has dropped over 10 points YTD, marking a sharp decline that could fuel a Bitcoin rally against the weakening dollar.
- Bitcoin (BTC) gains political support as VP JD Vance calls it a hedge against inflation, central control, and economic instability.
- Blockstream launched a new self-custodial app at Bitcoin 2025, offering seamless asset management for new and advanced users.
- The US Labor Department has reversed its prior warning on crypto in 401(k) plans and is now re-adopting a neutral position.
- Nvidia’s Q1 revenue surged 69% YoY to $44.1 billion, driven by the Data Center segment accounting for 88% of total sales.
- Ethereum’s Pectra upgrade drives EIP-7702 transactions from a few to nearly 1,000 daily, enhancing wallet features without address changes.
- Pakistan plans to launch a national Strategic Bitcoin Reserve, inspired by the US initiative.
- France has faced three high-profile crypto-related kidnappings in five months, highlighting the rising violent targeting of wealthy crypto holders.
- Solana meme coin launchpads report sub-1% graduation rates, down sharply from mid-May highs, signaling a market cooldown.
Crypto Equities Pre-Market Overview
| Company | At the Close of May 28 | Pre-Market Overview |
| Strategy (MSTR) | $364.25 | $372.40 (+2.24%) |
| Coinbase Global (COIN) | $254.29 | $261.00 (+2.64%) |
| Galaxy Digital Holdings (GLXY.TO) | $28.00 | $27.45 (-1.97%) |
| MARA Holdings (MARA) | $14.86 | $15.45 (+3.97%) |
| Riot Platforms (RIOT) | $8.38 | $8.58 (+2.39%) |
| Core Scientific (CORZ) | $10.78 | $11.10 (+2.97%) |
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