Treasury Secretary Scott Bessent has boasted that a presidential executive order requiring banks to collect citizenship information on all their customers is “in process.”
Bessent made the claim at a dinner hosted by news outlet Semafor in Washington on Monday. “I don’t think it’s unreasonable,” he said. “Why don’t we have information on who’s in our banking system?”
Any such executive order could effectively conscript the financial sector into President Donald Trump’s deportation machine.
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