A pivotal hearing before the Supreme Court today holds implications for the cryptocurrency market and global financial stability. The court is deliberating on the legality of Trump’s tariffs, with a potential ruling that could resurface a controversial economic landscape previously deemed to be settled. Key questions at stake include: What were the key takeaways from today’s proceedings? What are the likely outcomes of this legal battle? 3 hours of deliberation revealed skepticism regarding whether Trump’s authority to impose tariffs without Congressional approval under the International Emergency Economic Powers Act is justifiable. The Supreme Court, led by Chief Justice John Roberts and Justice Neil Gorsuch, invoked the Major Questions Doctrine, which suggests that laws not anticipating significant policy shifts should be used for more routine tasks. This doctrine has previously been challenged by the Biden administration. 3 lower courts had already ruled against Trump, with today’s hearings suggesting a favorable outlook for those challenging his tariffs. If the ruling goes against Trump, billions of dollars in tariffs will likely be refunded, impacting potential relief funds to citizens and potentially fueling political instability. The hearing lasted over three hours, exceeding its initial allotted time, but no immediate decision is expected. A definitive conclusion remains uncertain, with many speculating that Trump may not prevail. 40% of his recent tariff increases are tied to the debt crisis and will likely be nullified if he loses this case, potentially leading to a deflationary period and a favorable environment for cryptocurrency growth.