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What’s Next for ETH, XRP, ADA, SOL as Trump Dangles a $2K ‘Tariff Dividend’

The post What’s Next for ETH, XRP, ADA, SOL as Trump Dangles a $2K ‘Tariff Dividend’ appeared com. Bitcoin and major cryptocurrencies extended gains Monday as traders digested U. S. President Donald Trump’s latest economic proposal of a $2, 000 “tariff dividend” for every American, funded by import duties. The plan, unveiled on Truth Social, boosted risk appetite even as some questioned its feasibility and potential inflationary fallout. “A dividend of at least $2000 a person (not including high income people!) will be paid to everyone,” the post said, adding that those opposed to tariffs are “FOOLS!” The rhetoric arrives as Washington’s fiscal debates reheat ahead of 2026 budget talks. Treasury Secretary Scott Bessent said earlier this year that tariff revenues would be used to pay down the national debt, which now stands near $38 trillion, though Trump’s latest comments suggest a populist tilt toward direct cash transfers. While the proposal is unlikely to materialize without congressional approval, markets read it as a fresh injection of fiscal looseness. The idea of direct household payments, even hypothetical, revived the same risk-on reflex that drove digital assets during the pandemic-era stimulus rounds. Bitcoin BTC$106,242. 47 rose 4. 6% over 24 hours to $106,440, while Ether ETH$3,604. 10 gained 6. 1% to $3,618, data from CoinGecko shows. XRP led majors with an 8. 5% daily jump to $2. 48, and Solana SOL$166. 85 added 6. 1% to $167. 96. Overall crypto market capitalization climbed to about $3. 5 trillion, with roughly $113 billion in 24-hour volumes in an unusually high figure for Sunday trading. XRP’s market-beating rally came on the heels of Canary Capital’s third pre-effective S-1 amendment for its proposed Canary XRP ETF, which would list on Nasdaq under the ticker XRPC. The trust will hold XRP in custody with Gemini and BitGo, benchmarked to the CoinDesk XRP CCIXber 60m New York Rate. Whether the “tariff dividend” becomes law or just another campaign talking point, traders appear happy to front-run the liquidity.

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‘Misunderstood the assignment’: Supreme Court justice slams colleagues in scathing dissent

U. S. Supreme Court Justice Ketanji Brown Jackson issued a scathing dissent after the court issued a ruling on Thursday that she described as a “back-of-the-napkin” approach to solving the problem at hand. In a 6-3 ruling, the high court reversed a lower court order that blocked President Donald Trump’s executive order mandating transgender people only use their gender assigned at birth on their passports.”As is becoming routine, the Government seeks an emergency stay of a District Court’s preliminary injunction pending appeal. As is also becoming routine, this Court misunderstands the assignment,” wrote Jackson in the dissent. “Our task in deciding stay applications is not simply to make a ‘back-of-the-napkin assessment of which party has the better legal argument.’Rather, the actual nub of the project (if we choose to involve ourselves in the matter at all) is to fairly determine whether the applicant’s showing justifies our extraordinary intervention. To do this, we consider not only the applicant’s likelihood of success on the merits, but also whether the applicant will suffer irreparable harm absent emergency intervention, as well as the relative harm to the parties and the public interest in the grant or denial of a stay,” she continued. “Here, the balance-of-the-equities factor requires weighing the harm to the Government from not being able to proceed immediately with its allegedly unlawful policy against the harm to the individuals who would be subjected to that policy,” Jackson explained, citing the court examples. “Balancing the equities is an important part of the analysis because it avoids unnecessary real-world injury to people with colorable legal claims.”She explained that for the past 33 years, transgender Americans have received passports with the sex markers that match their genders. It’s the Trump administration that changed the decades-long precedent of the option for citizens who could provide a doctor’s certification of gender reassignment. “The State Department’s sex-marker policies have thus long demonstrated that what is important for identification purposes is the bearer’s gender identity today,” Jackson emphasized. Now, trans people will be subject to additional questioning and probing if their sex on the passport doesn’t match their gender. All because of a decision by President Donald Trump, she said. “Why? Because two days earlier, on January 20, President Trump issued Executive Order No. 14168, characterizing transgender identity as ‘false’ and ‘corrosive’ to American society,” she wrote. “The order asserted that ‘the policy of the United States’ is ‘to recognize two sexes, male and female,’ which it defined based on the sex assigned ‘at conception.'”Read her full dissent here.

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‘Awkward’: Conservative analyst reveals how Trump’s tariff case could blow up in his face

Conservative analyst Ben Shapiro argued on Wednesday night that the Supreme Court is putting President Donald Trump “in an awkward position” over his key economic policy. The Supreme Court heard oral arguments on Wednesday in a case challenging Trump’s authority to impose sweeping tariffs under his emergency powers. Trump has argued that the tariffs are necessary to revive America’s manufacturing base. The Supreme Court seemed skeptical of those arguments on Wednesday, with Chief Justice John Roberts referring to them as a “tax” on the American people. Shapiro argued on CNN’s “NewsNight with Abby Phillip” that the Supreme Court could reject Trump’s tariff policy, which could have a ripple effect on his presidency. “One of the things that will be fascinating is if the court does strike it down, watch the stock market absolutely explode,” Shapiro said. “Seriously, you’ll watch the S&P 500 jump like nobody’s business, and the president is then going to be in the awkward position of having to explain why the markets are boosted by the rejection of his key policy.”.

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Trump admits to Republicans the shutdown probably cost them in latest election

President Donald Trump privately told Senate Republicans at a White House gathering on Wednesday that the party’s stance on the federal government shutdown likely played a big role in the losses Republicans saw up and down the ballot in this week’s elections. Democrats saw massive overperformances across the country, winning or holding key races in Virginia, New Jersey, Pennsylvania, and Georgia, making gains in state legislatures, and generally turning back Trump-endorsed opponents at the local level in several states. Publicly, Trump has disavowed any blame for the issue, saying the main problem for Republicans was that he wasn’t on the ballot to boost their numbers. But according to CNN’s Alayna Treene, Trump had a more nuanced tone for key lawmakers in his party in the White House State Dining Room.”I thought we’d have a discussion after the press leaves about what last night represented, and what we should do about it. And also about the shutdown, how that relates to last night. I think if you read the pollsters, the shutdown was a big factor, negative for the Republicans,” said Trump. This could be a massive turning point in the standoff, noted Punchbowl News’ Jake Sherman on X, because congressional Republican leaders “have been big proponents of not negotiating with Democrats while the government is shut. After the romping last night, it sounds like Trump may want to change course.”The shutdown has dragged on for weeks, leaving millions of federal workers unpaid and causing key functions like air traffic control to start breaking down across the country. Democrats continue to demand Republicans negotiate on extending Affordable Care Act subsidies as a condition of providing votes to reopen the government. Republicans went into the standoff largely confident the public would blame Democrats for any ill effects of the shutdown, but in poll after poll, the opposite has happened, leaving the GOP frustrated and unsure of an exit strategy.