USD Chart

For the crypto market, the immediate aftermath of the tariffs has been marked by significant liquidations, with over $500 million in futures positions wiped out within 24 hours. 

On 2 April, the House Financial Services Committee voted 32-17 in favour of the stablecoin bill. This included support from 27 Republicans and 5 Democrats.

According to a filing with the SEC, GameStop has stated that the funds will be used for "general corporate purposes, including the acquisition of Bitcoin".