The Supreme Court’s decision on Friday sharply curtailed the executive branch’s authority to deploy tariffs under the International Emergency Economic Powers Act (IEEPA). In a 6-3 ruling, the justices concluded that the President lacks inherent power to impose broad tariffs under peacetime conditions, signaling a significant check on executive power in U.S. trade policy. The majority’s view was clear: IEEPA does not authorize tariffs at the scale seen in recent years, and the presidential interpretation of the statute extended beyond its legitimate reach. The ruling hinges on historical precedent and the breadth of authority claimed by the administration, suggesting a reevaluation of the tariff policy framework used during peacetime emergencies. The decision was issued on Friday, February 20, 2026, with the court emphasizing the statute’s limited scope. “In IEEPA’s half-century of existence, no president has invoked the statute to impose any tariffs, let alone tariffs of this magnitude...
BGD Labs, a core technical contributor to the DeFi protocol Aave, announced it will conclude its involvement with the project's DAO on April 1, ending a four-year collaboration that helped shape the protocol's core subsystems. In a post on Aave's governance forum, BGD cited an "asymmetric organizational scenario" and argued the DAO had not adequately accounted for contributors’ expertise. The team said the project had adopted an adversarial posture toward v3 in favor of features planned for v4, a shift it said impeded meaningful improvements. Nothing changes until April 1, but BGD signaled it will wind down its formal contributions while remaining engaged in certain areas through a defined transition. The forum note points to ongoing work on multiple fronts, even as the formal collaboration winds down. Key takeaways BGD Labs will end its involvement with the Aave DAO on April 1 after four years of work. The departure is framed around an asymmetric organization...