Crypto Market Shaken by Tariffs and New Stablecoin Rules

Crypto markets took a hit after President Trump announced sweeping new tariffs, sparking fears of global trade tensions.

Coinbase dropped nearly 8%, while Bitcoin fell almost 4%.

Even though Trump supports crypto, the economic uncertainty is spooking investors.

Major crypto mining firms like Riot and Marathon saw their stocks plunge over 8%.

Analysts say the sell-off shows how closely crypto is tied to global economic policy.

But some believe this could boost interest in decentralized assets long-term.

Lawmakers are pushing new rules for stablecoins, but the biggest one—Tether—might be exempt.

Critics warn this loophole could confuse consumers and hurt U.S.

crypto firms.

Tether, based in El Salvador, controls two-thirds of the global stablecoin market.

After spending over $130 million on pro-crypto candidates, the industry is gaining ground.

Trump has promised to grow the government’s crypto holdings and ease regulations.

Critics say the new rules favor foreign players and could drive innovation overseas.