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
Uncertainty in stablecoin regulation causes traditional banks to delay infrastructure investments, while crypto companies offering 4%-5% returns may accelerate capital migration.
Unclear stablecoin regulations create operational difficulties for traditional banks, while crypto companies continue to develop in gray areas. Banks are hesitant to make large-scale investments in stablecoin infrastructure due to advice from legal counsel, resulting in limited deployment. While large-scale deposit outflows have not yet occurred, competitive pressure is increasing.
GateNews2m ago
CLARITY Act Passage Odds Drop Without April Committee Vote
Analysts warn the CLARITY Act must pass a Senate committee by April or chances of 2026 passage drop sharply.
Dispute over stablecoin rewards between banks and crypto firms remains the main legislative obstacle.
Additional debates on DeFi regulation, SEC authority, and developer
CryptoFrontNews1h ago
US Senate Bans CBDC: What Happens to Its Wholesale Version?
The US Senate’s newly passed Housing Act does not clearly distinguish between retail and wholesale versions of a CBDC.
The definition of the act, though, implies that the CBDC prohibition applies only to the retail version, which is designed to be widely available to the public.
The US Senate
Blockzeit4h ago
CFTC Issues Guidance That Could Ignite Massive Prediction Markets Expansion
U.S. regulators move to rein in fast-growing prediction markets as event-based derivatives gain traction, with the CFTC warning exchanges to strengthen surveillance, prevent manipulation, and ensure new contracts tied to real-world outcomes meet federal trading rules.
CFTC Issues New Guidance
Coinpedia7h ago
Galaxy研究主管：CLARITY Act若4月底前未过委员会审议，2026年通过概率将大幅下降
Galaxy Research的Alex Thorn表示，若美国的CLARITY Act未在4月底前通过审议，其2026年通过的概率将大幅下降。目前主要障碍在于稳定币收益的争议，即便问题妥协，仍将面临DeFi等其他争议。
GateNews9h ago
巴西5家行业协会联合反对对稳定币交易征收金融交易税
巴西加密与金融科技行业协会联合声明反对将金融交易税扩大至稳定币交易，认为此举与现行法律冲突，可能违反宪法及《虚拟资产法》，损害加密行业。
GateNews9h ago
