Trade Representative Greer just dropped a line that caught my attention—apparently there's talk about formalizing tariff measures through legislation down the road. Makes you wonder what that means for macro liquidity, right?

If they're seriously considering codifying tariff structures into law instead of keeping them as executive tools, we might see less policy whiplash but also fewer pivot opportunities when markets tank. For risk assets like crypto, that could cut both ways: more predictability sounds nice, but rigid trade barriers historically mess with capital flows.

Worth keeping an eye on how this plays out. Legislative tariffs could signal a longer-term shift in how Washington handles trade friction—and that bleeds into everything from dollar strength to where institutional money parks itself when traditional markets get choppy.