U.S. Fiscal Policy Changes: Policy Game Under the Risk of Tariff Refunds

【Blockchain Rhythm】U.S. Treasury Secretary Yellen recently stated that if the Supreme Court rules against the Trump administration’s tariff policies, the Treasury Department has sufficient funds reserves to handle refund pressures.

This statement reveals two layers of meaning: first, the government has a pretty thorough risk assessment of its policies; second, market uncertainty regarding tariff policies continues. For the crypto market, policy-related uncertainties often trigger emotional fluctuations in risk assets. Macro factors like dollar policy and trade environment directly impact global liquidity and investors’ risk appetite, thereby exerting pressure or providing support on digital asset prices.

In the short term, the direction of policy development will depend on the court’s ruling, but these uncertainties themselves are factors that the market needs to digest.