#TrumpTariffs The more tariffs are imposed, the closer we are to a social and economic crisis from which there are doubts of recovery.
Unconsciously, these repercussions also affect cryptocurrencies; especially, the projects that were once promising. During Gary Gensler's time at the head of the SEC, many projects like Library (LBRY) and other Web3 ecosystem projects alternative to traditional ones ended up canceled due to the strong restrictions imposed by the institution. Even projects like Ripple were on the verge of disappearing due to these restrictions.
Now, with the current scenario we have, it is very likely that many projects will fail due to the imposition of tariffs. Projects originating from European countries, in addition to the controversial MICA Law, will have it worse and will only have the option to reinvent themselves or die without the opportunity to be what they could not be: a good project.