The U.S. Supreme Court is in a deadlock over tariff issues. In mid-January, the justices still had not made a ruling on the constitutionality of Trump's tariff policies, and the market is waiting anxiously. The hearings scheduled for Tuesday and Wednesday this week are expected to be a critical turning point.

The market has already sensed the risk. The Nasdaq index fell by 1%, the S&P 500 declined by 0.6%, and the semiconductor sector dropped even more, by 1.1%. Consumer stocks also followed suit, with major brands like Lululemon and Mattel not spared.

The controversy stems from the "Liberty Day" tariff plan launched in April this year — a policy that imposes tiered tariffs ranging from 10% to 50% on imported goods. Inside the court, opinions are divided, and during previous debates, justices expressed concerns: Can Trump invoke the 1977 International Emergency Economic Powers Act to bypass Congress's approval for tariffs?

Even more concerning are the potential consequences. If the ruling is unfavorable, it could trigger a rebate wave exceeding $130 billion. For the Trump administration, which has just returned to the White House, this would be a significant blow.

The countdown has begun. How this tariff dispute will ultimately unfold not only affects the direction of the U.S. stock market but also has a direct impact on risk appetite for cryptocurrencies like ETH, BNB, and SOL.