📌 1. Trump’s Tariffs Have Triggered Major Crypto Volatility

Market sell-offs tied to tariff announcements:

When President Trump threatened large tariffs on China (including a 100% tariff) and other sweeping trade policies, crypto markets reacted strongly — triggering massive sell-offs and liquidations (Bitcoin saw a historic liquidation event tied directly to tariff panic).�

Nasdaq

After big downward moves, prices often rebounded, meaning tariff news has been a catalyst for sharp, short-term volatility rather than a steady trend.�

Investors +1

👉 Tariffs do not directly regulate crypto, but they affect macro markets, risk appetite, and investor sentiment — which tends to hit risk assets like cryptocurrencies harder.�

The Motley Fool

📊 2. Broader Crypto Policy Under Trump Is Mixed

While tariffs caused market instability, the Trump administration has also taken pro-crypto regulatory steps:

Pro-crypto regulatory and legislative moves:

Trump signed an executive order to support crypto growth and clarify digital-asset regulations.�

Pillsbury Law

The GENIUS Act became law — a cornerstone crypto regulatory bill focused on stablecoins and clearer rules for digital assets.�

Wikipedia

There has been a wind-down of aggressive crypto enforcement that characterized previous years, including the disbanding of enforcement teams and easing of restrictions for financial institutions.�

Reuters

So regulation has generally trended toward clarity and industry support, even as trade/tariff policy caused market shocks.

💡 3. How Tariffs Indirectly Hurt Crypto Confidence

Tariffs themselves don’t target crypto — but the effects include:

📉 Market Uncertainty

Higher tariffs increase economic uncertainty and slow global trade — investors often move away from risk assets (like crypto) in such environments.

Large crypto sell-offs have coincided with tariff escalation news.�

Nasdaq

📊 Correlation with Traditional Markets

Risk-off sentiment in stocks and commodities tends to spill over into crypto — so tariffs that spook equity markets can indirectly