#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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The Trump administration attempted to move three tariff lawsuits to the International Trade Court, where the odds of success are higher.
According to a TechFlow report on April 23, Jin10 data reported that U.S. President Trump is seeking to direct judicial challenges to his comprehensive tariff policy to the International Trade Court (CIT), which specializes in tariff disputes. Although this strategy did not yield immediate victories during his first term, it ultimately won him favorable results.
The Trump administration is moving three lawsuits in federal courts in Florida, Montana and California to the Court of International Trade. Legal experts point out that the government could benefit from introducing the current series of cases into this judicial pathway. These cases will then be appealed to the Court of Appeals for the Federal Circuit, which has historically been respectful of the president's executive power to impose tariffs. "The Court of International Trade has ruled against the government in a number of cases," said Warren Maruyama, a former general counsel at the Office of the U.S. Trade Representative, "but most decisions have been overturned when appealed to the Court of Appeals for the Federal Circuit." "