The tariffs have particular relevance to cryptocurrency mining operations in that much of the specialized hardware comes from China and Taiwan. Equipment costs going up could hinder the hash rates of these networks and possibly influence the dynamics of minting coins when these changes come into effect. Meanwhile, the average US tariff has reached 22.5%-the highest since 1909, stirring fears of recession that may also spillover to risk assets.
Oddly enough, these trade tensions coincide with some major policy shifts. A House committee has moved to regulate U.S. dollar-backed stablecoins via its passage of the . While some industry executives seek, through congressional lobbying, the status of interest payments on these tokens. These two parallel events highlight the more intricate interactions linking economic policy and crypto regulation.
