Crypto Surges After Supreme Court Overturns Trump-Era Tariffs
The Supreme Court's decision to overturn Trump-era tariffs on Feb. 20, 2026 prompted a broad market rally, with risk assets — including cryptocurrencies — posting gains as the dollar softened. 21Shares noted that a negative ruling for tariffs could pressure Treasuries and the U.S. dollar, a dynamic that typically supports equities and digital assets; markets reacted accordingly as investors rotated out of safe havens.
The move matters because tariff relief is being read as a reduction in protectionist pressure, which tends to lower safe-haven demand and lift yields and risk-on flows. That backdrop can be a tailwind for crypto ETFs, miners and other high-beta crypto plays, though traders should watch Treasury yields and dollar strength for signs of follow-through. Ongoing policy or legal developments could still introduce volatility, so market participants are sizing positions with an eye on macro indicators and headlines.