U.S. Supreme Court Sets January 9 for Possible Ruling

The Trump tariffs are back in the spotlight as the U.S. Supreme Court could rule on the president’s levies as soon as January 9. This is significant, considering the impact it could have on the crypto market, even as traders bet on the ruling.

Supreme Court Could Rule On Trump Tariffs This Week

The Supreme Court’s schedule lists this Friday as an opinion day, signaling that it could rule on the legality of the president’s tariffs as soon as this week. This will mark the first opinion day of the year as the justices return from a four-week recess.

Notably, the Supreme Court has so far expedited the case on the Trump tariffs, which is why there is a possibility that the justices could deliver a ruling that day. It is also worth noting that the U.S. president has been defending the tariffs in recent times ahead of a potential decision.

In a Truth Social post today, he indicated that the tariffs were responsible for the U.S. markets hitting new highs and remarked that he hopes the court allows the country to continue its “unprecedented march toward unparalleled greatness.”

While addressing House Republicans today, the U.S. president also alluded to the Supreme Court case on the Trump tariffs. “I hope they do what’s good for our country. I hope they do the right thing. The president has to be able to wheel and deal with tariffs,” he said.

The global tariffs were a major highlight last year, following the famous ‘Liberation Day’ when Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. This sparked huge volatility in the crypto market, with the Bitcoin price notably dropping to as low as $74,000 during that period.

However, the market recovered, with BTC eventually hitting a new all-time high (ATH) of around $126,000 as the U.S. reached trade deals on the Trump tariffs. The Fed rate cuts last year also largely contributed to the new highs for the market.

Crypto Traders Bet On A Court Ruling Against Trump Admin

Crypto traders are currently betting that the Supreme Court will rule against the Trump administration. Polymarket data shows only a 24% chance that the court will rule in favor of these tariffs.

It is worth mentioning that the justices already sounded skeptical about the legality of these tariffs during a November 2025 hearing. However, the White House has maintained that the president has the power to issue these tariffs under the International Emergency Economic Powers Act of 1977 (IEEPA).

Meanwhile, as CoinGape reported, the White House is already preparing a Plan B in case the court rules against the Trump tariffs. It also remains to be seen how the crypto market will react to the potential ruling.

Interestingly, the December job report also drops on January 9. As such, the market could see significant volatility on the day as traders weigh what the developments mean for crypto prices.