The Fifth Circuit Court has deemed the US Treasury’s sanctions against Tornado Cash to be unlawful
- This is a big win for the crypto industry
- Overall crypto rally has taken a breather, but I think a continued downtrend is unlikely
Trump suggests 25% tariffs on Mexico, Canada, along with 10% tariffs on China.
- Could be seen as reigniting inflation fears
- Companies like GM with plants in Mexico and Canada may reflect tariff impact fears in their stock price