Cryptocurrency prices rose after Trump announced a tariff dividend of at least $2,000 for most Americans. Bitcoin climbed to over $103,000, Ether surpassed $3,500, and Solana topped $160. The rally comes after a weekly slump. Traders are hopeful for increased consumer spending and crypto market inflows.

The tariff dividend news sparked excitement, but immediate payment is unlikely. Trump alone cannot authorize it; Congress approval is needed. Uncertainty remains due to ongoing debates and legal challenges. Revenue from tariffs falls short of covering payments to eligible recipients, raising concerns among experts.

Trump’s proposed $2,000 tariff dividend excludes high-income earners, costing an estimated $300 billion. However, current tariff revenue only amounts to $120 billion. After accounting for broader economic impacts, net revenue from tariffs is around $90 billion, far less than needed for the rebate program.

Read more at Yahoo Finance: Crypto Prices Rise as Trump Announces ‘At Least’ $2K Tariff Dividend Per American