Recent lawsuits by 13 states target the legality of tariffs imposed by Trump’s administration, raising questions about Executive Powers under the International Emergency Economic Powers Act (IEEPA). These suits suggest Congress cannot delegate such widespread authority to the President.
Historically, tariffs in the U.S. Were established by Congress, with significant implications for trade policy. Trump’s unilateral tariff strategy has been seen as a departure from established norms, igniting debates about whether this approach is constitutional.
The litigation surrounding Trump’s tariffs presents uncertainty for the cryptocurrency landscape. As tariffs typically affect goods, intangible cryptocurrency assets may remain unaffected, defining their role in future international trade dynamics.
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