President Donald Trump has taken another major step in his effort to secure America’s borders, and this time the battle is moving from the border fence to the banking system.
For years, critics have argued that illegal immigration isn’t sustained solely by open border policies. They contend it also depends on a vast financial network that allows illegal immigrants, criminal organizations, and human trafficking operations to move and store money with little scrutiny.
Now the Trump administration is targeting that system directly.
A newly signed executive order places Treasury Secretary Scott Bessent at the center of an aggressive effort to identify, investigate, and potentially seize financial assets connected to illegal immigration, cartel activity, welfare fraud, and other criminal enterprises.
The move has already sparked outrage from immigration activists and left-wing organizations, while supporters say it represents one of the most significant financial crackdowns on illegal immigration in modern history.
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