Today, US President Donald Trump announced a 90-day tariff pause for several countries, increasing tariffs on China to 125%. This geopolitical shift may increase prices for crypto mining rigs in the US. In Argentina, the Chamber of Deputies approved an investigation into President Javier Milei for promoting the Libra memecoin, which critics claim led to significant financial losses for investors. The vote was 128 to 93, and previous efforts in the Senate had failed. Lawmakers allege that Milei’s promotion constituted wrongdoing and associated him with an illicit scheme, resulting in over 40,000 investors losing more than $4 billion. Meanwhile, Hashlabs CEO Jaran Mellerud suggested that Trump’s tariffs could bolster non-US crypto miners, as mining rig manufacturers seek to sell outside the US at lower prices. This situation may allow non-US operations to gain a larger share of Bitcoin’s hashrate, even if tariffs are later removed, as long-term confidence has been shaken.

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