Here’s what happened in crypto today
On April 9, 2025, US President Donald Trump announced a 90-day tariff pause for some countries, exempting China, where tariffs were raised to 125%. This move could increase prices for crypto mining rigs in the US. Concurrently, Argentina's Chamber of Deputies approved an investigation into President Javier Milei regarding his promotion of the Libra memecoin. The investigation was backed by a vote of 128 to 93, highlighting concerns that the token led to a significant loss for over 40,000 investors. Critics argue that Milei’s actions amounted to an illicit scheme. Meanwhile, Hashlabs CEO Jaran Mellerud suggested that Trump's tariffs might raise prices for crypto mining rigs in the US while benefiting non-US miners as manufacturers consider selling cheaper abroad. The development indicates potential shifts in the global cryptomining landscape.
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