According to Fox News, the Supreme Court has allowed the Trump administration to proceed with ending legal protections for certain Venezuelan migrants as of May 19, 2025 (source: Fox News Twitter). This development is expected to impact remittance flows from the US to Venezuela, which have historically supported stablecoin and Bitcoin transactions among Venezuelan users (source: Chainalysis). Traders should monitor potential volatility in Latin American crypto markets, especially for tokens linked to remittances such as USDT and BTC. Regulatory changes affecting migrant populations may also influence cross-border transaction volumes and overall crypto demand in the region.

According to Fox News, the Supreme Court has ruled in favor of Venezuelan migrants seeking to halt their deportation under the Alien Enemies Act, granting them additional time to contest deportation orders (Fox News, May 16, 2025). This decision could influence market sentiment regarding US regulatory stability and immigration policy, which are key factors for crypto traders monitoring capital flows from Latin America. Increased legal certainty for migrants may encourage more remittance activity through cryptocurrencies such as Bitcoin and stablecoins, as Venezuelan migrants often rely on digital assets for cross-border transactions. Traders should closely watch for any uptick in crypto transaction volumes linked to Latin American corridors as a result of this ruling.