President Trump’s secondary tariffs on nations buying Venezuelan oil could severely impact the Venezuelan bolivar and increase poverty. Analysts regard this aggressive approach as unprecedented, potentially causing collateral damage to innocent civilians.

The tariffs may worsen the economic crisis in Venezuela, causing rising inflation and recession. Citizens, not the targeted powers, will bear the brunt of these actions, leading to significant degradation in their economic conditions.

SEC Commissioner Hester M. Peirce stressed the urgency for Congress to reform cryptocurrency regulations to eliminate confusion. Her seven recommendations include empowering existing regulatory bodies and ensuring ongoing decentralization of financial interactions.