Crypto Gains on Trump’s $2K ‘Tariff Dividend’ Proposal
Major cryptocurrencies surged Monday as markets reacted to U.S. President Donald Trump’s latest economic proposal: a $2,000 “tariff dividend” for Americans, funded by import duties.
The announcement, posted on Truth Social, reignited a familiar risk-on sentiment, reminiscent of pandemic-era stimulus rounds, even as analysts questioned the plan’s feasibility and inflationary consequences. Trump wrote, “A dividend of at least $2000 a person (not including high-income people!) will be paid to everyone,” adding that those opposing tariffs are “FOOLS!”
While congressional approval would be required for the plan to materialize, traders interpreted it as a signal of potential fiscal stimulus. Bitcoin (BTC) climbed 4.6% to $106,440, Ether (ETH) rose 6.1% to $3,618, XRP jumped 8.5% to $2.48, and Solana (SOL) gained 6.1% to $167.96. Total crypto market capitalization rose to approximately $3.5 trillion, with $113 billion traded in 24 hours.
XRP’s strong performance 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 “tariff dividend” remains a proposal, traders are embracing the liquidity-driven optimism, pushing crypto prices higher.
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