A policy suspense of hundreds of billions of dollars is becoming the latest trading scene for traders to capitalize on.

Behind the U.S. Treasury Secretary's statement that "funds are fully prepared" lies a huge financial gamble. If the Supreme Court overturns the tariffs, the Treasury may need to pay out refunds totaling hundreds of billions of dollars. This is no longer just a legal dispute—Wall Street investment firms have long smelled blood.

Clever hedge funds are acquiring "future refund rights" from cash-strapped companies at discounts of 20% to 40%. What are they betting on? They are betting on how the judges will rule. If they guess right, profits double. If they guess wrong, they lose everything. This game is more exciting than the stock market and has evolved into a shadow derivatives market.

The real threat lies in liquidity. Imagine hundreds of billions of dollars flooding from government accounts into corporate accounts within weeks—what would be the consequences? A large amount of capital could suddenly withdraw from the market, and asset allocation would face an immediate reshuffle. Risk assets like $ETH would be among the first to feel the impact.

Deeper still is the issue of power. This lawsuit is a "stress test" on the President's trade authority. The ruling will directly affect future policy enforcement. From now on, whenever traders see any news about tariffs, their first reaction will be: Can this policy really hold up? Will it be overturned by the court? If overturned, how will refunds be processed?

What does this mean? The source of market uncertainty has shifted. It’s no longer just about economic data and corporate earnings; legal rulings themselves have become the biggest variable. Traders who understand how to interpret court movements and track litigation progress now have the opportunity for excess returns. The volatility of risk assets will revolve around this ruling node. The secret to wealth redistribution is hidden in the judge’s decision.