Crypto Rallies as Trump Proposes $2K ‘Tariff Dividend’
Cryptocurrencies surged Monday after U.S. President Donald Trump proposed a $2,000 “tariff dividend” for Americans, funded through import duties.
Announced on Truth Social, the plan sparked renewed risk-on sentiment, echoing the stimulus-driven rallies seen during the pandemic, even as experts questioned its feasibility and potential inflationary effects. Trump stated, “A dividend of at least $2000 a person (not including high-income people!) will be paid to everyone,” calling opponents of tariffs “FOOLS!”
While the proposal would require congressional approval, markets treated it as a sign of possible fiscal loosening. Bitcoin (BTC) rose 4.6% to $106,440, Ether (ETH) gained 6.1% to $3,618, XRP jumped 8.5% to $2.48, and Solana (SOL) climbed 6.1% to $167.96, pushing total crypto market capitalization to about $3.5 trillion, with $113 billion traded in 24 hours.
XRP’s gains coincided with Canary Capital’s third pre-effective S-1 amendment for its proposed XRP ETF (ticker: XRPC), which will hold XRP with Gemini and BitGo.
Even if the dividend never materializes, the announcement has rekindled optimism and liquidity flows across crypto markets.
