TMM Crypto

The Supreme Court of the United States has ruled that the International Emergency Economic Powers Act (IEEPA) cannot be used to impose tariffs a decision that could open the door to massive refund claims.
More than 1,500 import and export firms have reportedly filed lawsuits seeking up to $170 billion in tariff repayments. Claimants include major corporations such as Costco and Alcoa, alongside hundreds of small and mid-sized businesses.
However, the Court stopped short of explicitly granting refunds. That key question now shifts to the United States Court of International Trade (CIT), where the next legal phase will unfold.
Why this matters:
• Potential multi-billion dollar fiscal impact
• Corporate balance sheet adjustments if refunds materialize
• Renewed scrutiny on executive tariff authority
• Trade policy uncertainty returning to markets
If refunds are approved, it could reshape precedent on emergency economic powers and materially affect U.S. trade enforcement tools going forward.
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There is something powerful about watching a vision become reality. For months the community whispered about what was coming. The rumors the speculation the hope. But now the whitepaper is here and the words on those pages are not just promises. They are a blueprint for something that has never been built before

I sat down to read it late one night when the house was quiet. I expected technical jargon and complicated diagrams. What I found instead was a philosophy. A statement about what this project believes and who it is building for

The opening pages make it clear. This is not a general purpose chain trying to be everything to everyone. This is infrastructure built by traders for traders . The team understands something that often gets lost in crypto. Speed is not a luxury. For some applications speed is the difference between profit and loss between success and failure between participation and exclusion

I thought about the traders I know. The ones who wake up at 3am for market opens. The ones who watch charts like other people watch breath. They have been forced to choose between centralized exchanges that are fast but trust-dependent and decentralized options that are slow but self-custodial. That choice should not exist

A layer one blockchain built on the Solana Virtual Machine for compatibility but pushed further than anyone has pushed before . At its heart runs the Firedancer client in its purest form the high performance validator client developed by Jump Crypto that was always meant to test the limits of what blockchain could do

Forty milliseconds. That is the number that kept circling in my mind as I read. Forty milliseconds for block times . To understand what that means you have to understand how fast forty milliseconds actually is. It is faster than a blink. Faster than a heartbeat. Faster than the time it takes for your brain to register that you have seen something

This speed comes from something called multi-local consensus and it is one of the most elegant ideas I have encountered . Instead of validators scattered randomly around the world hoping for the best Fogo positions them strategically in the financial hubs where trading activity concentrates. Tokyo for Asia. London for Europe. New York for North America. The validators follow the sun following the trading day around the globe so that latency from physical distance is minimized

I read about the curated validator set and understood the tradeoff immediately. In the beginning there will be twenty to fifty carefully selected validators . This is not the full permissionless ideal that some demand. But it is a deliberate choice. Performance first. Decentralization as a journey not a starting point. The foundation being laid today will support the expansion of tomorrow

The numbers are staggering when you stack them together. Block times under forty milliseconds. Finality in one point three seconds. Over fifty four thousand transactions per second . These are not theoretical maximums reached under ideal lab conditions. These are the specifications the network is designed to deliver consistently

But fogo is not just about speed. It is about what speed enables. Native price feeds built directly into the protocol so that traders always have accurate data without relying on oracles that can fail . An enshrined DEX woven into the fabric of the chain itself so that swapping does not require trusting third party contracts . Colocated liquidity providers positioned physically close to the execution environment minimizing the distance that money must travel.

I thought about what this means for the applications that have been waiting for infrastructure capable of supporting them. On-chain order books that actually function like order books. Real-time auctions where milliseconds matter. Liquidation engines that protect positions instead of punishing them after the damage is done

The tokenomics section answered questions I did not know I had. Ten billion total supply. Zero in circulation at launch with unlocks stretching all the way to 2029 . This is not a project designed for a quick exit. This is a project designed to outlast us

The allocation tells a story too. Fifteen percent to the community through airdrops and the Echo sale . Thirty percent to the foundation to fund growth and grants. Thirty four percent to the core contributors who are locking themselves in for years . And two percent burned from the very beginning a deflationary signal built into the genesis block

I read the names of the investors and felt something shift. Distributed Global leading the seed round. Cobie's Echo platform hosting the community raise . Thirteen point five million dollars raised not at some astronomical valuation that would guarantee a dump but at numbers that make sense for long term alignment

The team behind this is led by James Reilly at the foundation with a philosophy that appears again and again in the document. Built by traders for traders . This is not marketing copy. It is the organizing principle behind every design decision. The people building this have lived the problems they are solving

I think about the wormhole integration and what it means for liquidity . A new chain lives or dies by the assets it can access. By connecting to over forty blockchains through Wormhole's battle tested protocol Fogo ensures that from day one users can move USDC ETH SOL and everything else directly into this new environment without centralized exchanges as gatekeepers

Forty billion dollars in cross chain messages. That is Wormhole's track record . BlackRock and Uniswap Labs trust this infrastructure. Now it becomes the bridge into Fogo

The whitepaper mentions something else that caught my attention. Future plans for SPL token fee payments allowing users to pay transaction costs with tokens other than the native one . This is the kind of user experience thinking that separates projects built by people who actually use blockchain from projects built by people who only read about it

I closed the document as the sun started coming through my window. Hours had passed but it felt like minutes. There is something about reading a well constructed vision that compresses time. You get lost in the possibility of it

The testnet launched in March of last year. The foundation was established in August. The snapshot for the Flames airdrop happened in December. Mainnet went live in January of this year . The timeline is aggressive but deliberate. Each step building on the one before

There is a line in the whitepaper that I keep coming back to. It talks about eliminating the bottlenecks that prevent blockchain from achieving the speed and reliability of traditional financial systems . That is the mission stated simply. Not to beat other blockchains but to compete with the infrastructure that has dominated finance for decades

I think about what that means for the future. For the kid in a country with unstable currency who needs to move value quickly before it erodes. For the trader who wants self custody but cannot afford the latency of existing solutions. For the developer who has been waiting for a foundation strong enough to support the application they have dreamed about building

@Fogo Official #fogo
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