President Donald Trump came to the idea of giving all American taxpayers a “dividend” check worth $1,000 to $2,000, and funding directly from tariff revenues.
The proposal, revealed in Thursday’s interview with one American news network, sparked excitement among crypto traders. This trader recalls how previous rounds of stimulation injected fresh liquidity into Bitcoin and altcoin.
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Crypto traders see 2021 stimulus echo when Trump floats a check for tariff funds
Trump said the plan would redirect tariff revenues for hundreds of billions of people since his administration placed an obligation to be wiped out foreign countries.
“They’re just starting, but in the end, your tariffs will be over $1 trillion a year,” Trump said.
The funds could be paid back debts and distributed directly to the citizens, according to the president. He described the idea as “dividends to the American people.” Trump also stressed that such measures would require Congressional approval.
According to Treasury data, the federal government has already added $31.3 billion in September alone, earning $214.9 billion from tariffs this year.
Unlike pandemic-era relief checks, when the deficit was being fed, Trump’s proposals are setting tariffs as a source of funding.
The distinction attracted both praise and skepticism. According to Crypto Patel, the well-known KOL of X (Twitter), it’s a bullish move that allows more capital to be injected into the market.
“Using brilliant moves, tariffs to fund stimulus checks will put America first and stimulate the economy without printing more money,” Patel writes.
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Legal and political hurdles face echoes of stimulus rotation in 2021
For the crypto community, the bigger narrative lies in potential downstream effects. Many remember 2021 when US stimulus checks coincided with a massive retail-driven surge in Bitcoin, Ethereum and meme coins.
“If this passes, it could be a massive catalyst for cryptography. Don’t forget what happened when retailers received stimulus checks in 2021.”
Bitmex founder and former CEO Arthur Hayes is equally enthusiastic about future dividends along with experts in fields beyond Crypto.
“…When the US last gave citizen stimulus checks. Bitcoin and stocks gathered together!” pointed out Rufas Kamau, a financial market expert.
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The prospect of fresh consumer liquidity entering the market has led many to speculate about another wave of risk-on momentum, especially with crypto assets.
Despite the happiness, the plan faces a sudden hurdle. The Supreme Court is scheduled to review Trump’s customs authorities in early November after a lower court found many of his customs programs illegal.
Treasury Secretary Scott Bescent warns that if the court overturns tariffs, the government could be forced to reimburse between $750 billion and $1 trillion. This raises doubts whether revenue streams remain intact.
Still, Trump remains optimistic, framing the initiative as debt reductions and populist redistribution.
“We’re probably thinking about $1,000 to $2,000, which is great,” he said.
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For crypto traders, even the possibility of new stimulus checks funded by tariffs is sufficient to rekindle memories of the 2021 Bull Run memory and historical hopes.
Nevertheless, it is worth mentioning that the Doge dividend, which Americans had previously flaunted earlier this year, has yet to come to fruition.
The main difference between the latest and previous prospects is that they fund Doge checks where savings from government efficiency are expected, and the latest one comes from customs revenue.
