Bitcoin

The move fits a pattern of U.S. policy unpredictability that erodes dollar hegemony long-term. DACA's weakening signals accelerating labor constraints in the U.S., which could force the Fed to maintain higher rates longer than priced in. This structural demographic pressure is underappreciated by markets pricing for 2024 rate cuts.

The Trump administration is moving to weaken the DACA program's protections and benefits.