ChainCatcher reports, citing sources familiar with the matter, that the Trump administration is considering an executive order requiring banks to collect customer citizenship data as part of its immigration enforcement efforts.
Sources say the initiative is primarily being evaluated by the U.S. Department of the Treasury and may ultimately require banks to request a new, unprecedented type of documentation from both new and existing customers who wish to maintain bank accounts in the United States, such as passport information.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Miner HIVE Gradually Halts Swedish Mining Operations While Expanding Canadian AI Data Center
Bitcoin mining company HIVE is gradually reducing its mining operations in Sweden due to tax disputes and operational uncertainty. Simultaneously, through BUZZ company, it is expanding its liquid-cooled AI data center capacity in Canada by four times. Despite gaining legal support, Swedish authorities are still requiring it to pay disputed tax deposits.
GateNews1h ago
Cryptocurrency Tax Roundtable Rescheduled for Today Due to Blizzard Delay
Gate News reports that on March 16, the cryptocurrency tax roundtable meeting previously postponed due to snowfall last month has been rescheduled for today at 4 p.m. Eastern Time. The event will be jointly hosted by Senator Steve Daines, Senator Cynthia Lummis, and Representative Mike Carey. Despite tornado weather hitting Washington D.C. today, the event is currently scheduled to proceed as planned.
GateNews2h ago
U.S. Stablecoin Yield Regulation Negotiations Near Consensus, Proposal Would Ban Idle Balance Yields but Permit Trading Rewards
At the DC Blockchain Summit in Washington, the crypto and banking industries reached a consensus on stablecoin yield regulation, favoring a ban on idle balance yields while allowing transaction-based rewards. Senators Thom Tillis and Angela Alsobrooks were key drivers, and if an agreement is reached, it would accelerate resolution of DeFi and token classification disputes.
GateNews3h ago
Crypto regulation clarified as Japan 10-year claim checked
Did FSA propose a 10-year prison term for unregistered cryptocurrency sales? No
There is no credible evidence that Japan’s Financial Services Agency proposed a 10-year prison term for unregistered cryptocurrency sales. Public materials do not show any draft, notice, or Diet bill to that
CoincuInsights3h ago
SEC and CFTC Join Forces to Create a Unified Crypto Regulatory Framework
The SEC and CFTC are collaborating to regulate cryptocurrency, enhancing coordination and communication. A memorandum outlines joint efforts to clarify digital asset definitions and update regulatory frameworks, signaling significant changes in oversight.
TheNewsCrypto3h ago
Australian Senate Supports Crypto Management Bill, Requires Platforms to Obtain Financial License
An Australian Senate committee recommends passing the *Corporations Amendment (Digital Assets Framework) Bill 2025*, requiring digital asset platforms to obtain financial licenses for operation. The bill aims to enhance the legal framework for digital assets and user protection as part of broader regulatory efforts.
TapChiBitcoin4h ago
