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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. 

Trump’s new trade measures shake stock and crypto markets worldwide

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.

Stablecoin rules take shape as US lawmakers push new bill

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". 

GameStop follows Metaplanet and Strategy’s Bitcoin strategy with new plans