Crypto Crash Fears Ease as U.S. Treasury Downplays Trump Tariff Refund Risk
Market anxieties over a potential crypto sell-off linked to U.S. tariff refunds have subsided after Treasury officials assured controlled liquidity management. Secretary Scott Bessent clarified that any Supreme Court-ordered refunds from Trump-era tariffs WOULD be disbursed gradually, mitigating systemic shocks.
The Treasury's contingency planning emphasizes operational readiness, with Bessent noting the complexity of potential refund processes. While the legal outcome remains uncertain, the structured approach aims to prevent disruptions to government funding or risk assets like cryptocurrencies.