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Roberts Court Shuts Door on Tariffs But Leaves Room for Trump to Prevail

In a 6–3 opinion written by Chief Justice John Roberts, the court held that IEEPA does not grant the president authority to impose tariffs. The ruling struck down the tariffs at issue in the case. The U.S. Supreme Court may have struck down President Donald Trump’s tariffs, but the fight is far from finished. While the Court closed one legal door, it left several others wide open – and the president has already signaled that he intends to step through them. Importantly, however, the court did not hold that the president lacks tariff authority altogether. Rather, it concluded only that IEEPA is not a valid statutory foundation for such measures. The opinion left intact the president’s ability to rely on other trade statutes enacted by Congress. The message was unmistakable: the court’s ruling will not mark the end of the administration’s tariff strategy.  Roberts court shuts door on tariffs but leaves room for Trump to prevail | Just The News

US Supreme Court to Hear Trump’s Tariffs Case on November 5 by Andrew Chung

The Supreme Court will hear arguments Nov. 5 on the legality of President Donald Trump’s tariffs imposed under the International Emergency Economic Powers Act. The case arises after lower courts found that Trump exceeded his powers under a federal law typically reserved for emergencies. The ruling could have significant implications for US trade policy and the limits of presidential authority. US Supreme Court to hear Trump’s tariffs case on November 5 | Reuters

 

What Are Stablecoins and How Do They Work?

Stablecoins are less volatile than other cryptocurrencies (like Bitcoin) and due to crypto assets’ inherent instability, stablecoins are growing in popularity with both crypto and traditional markets. Stablecoins are a type of crypto asset, but one that offers a way to bridge the gap between fiat currencies like the U.S. dollar and cryptocurrencies. Because they are price-stable digital assets that behave like fiat but maintain the mobility and utility of cryptocurrency, stablecoins are a novel solution to crypto volatility: price stability is built directly into the assets themselves.  There are four primary stablecoin types, identifiable by their underlying collateral structure: fiat-backed, crypto-backed, commodity-backed, and algorithmic stablecoins.  What Are Stablecoins and How Do They Work? | Gemini