Treasury Secretary Says Order on Citizenship Proof for Banking Is ‘in Process’

Treasury Secretary Scott Bessent on Monday confirmed that an executive order mandating banks to collect citizenship information on customers is underway.

“It’s in process. And I don’t think it’s unreasonable, because, why don’t we have information on who’s in our banking system?” he told Semafor in an April 13 interview, responding to whether the Trump administration was working on the banking order.

“I have a place in the UK; they want to know who lives in every apartment—and how do we know that it’s not part of a foreign terrorist organization?” he added.

At least one Republican lawmaker has asked the Trump administration to implement such an order, and The Wall Street Journal reported, citing anonymous sources, that banks could be tasked with requiring people to submit passports under the policy.

In a post issued on X in October 2025, Sen. Tom Cotton (R-Ark.) included a letter he sent to Bessent urging the secretary to carry out a “comprehensive review of current rules that allow illegal aliens to obtain financial services and access to the U.S. banking system.”

“Access to the American banking system is a privilege that should be reserved for those who respect our laws and sovereignty,” Cotton wrote in the letter. “When individuals are allowed to open accounts without verifying legal status, we are permitting illegal aliens to establish financial roots and integrate economically, all while bypassing the legal channels that millions use properly.”

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Trump’s Iran claims clash with reality on the ground 

There is rarely a day when US President Donald Trump does not command attention on social media, with posts ranging from attacks on public figures to sweeping claims about his own achievements. The same tone has carried into his handling of the war on Iran, where he has repeatedly insisted that US actions have weakened Tehran and decisively shifted the conflict in Washington’s favor.

Those assertions have come under closer scrutiny after Trump announced a US naval blockade of Iranian ports following the collapse of talks on Sunday, warning that any vessel attempting to challenge it would be destroyed.

Yet the reality on the ground appears far less clear: Iran has threatened retaliation, the practicality of enforcing such a blockade remains uncertain, and key allies have shown limited willingness to take part. The contrast underscores a widening gap between Trump’s narrative of progress and a conflict that continues to escalate without a clear resolution.

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House Democrats Seek to Launch ‘25th Amendment Commission’ to Remove Trump From Office

House Democrats have introduced new legislation to create a commission to evaluate whether President Trump should be removed from office under the 25th Amendment.

The proposal, led by New York Congressman Jamie Raskin, would establish a 17-member panel to assess whether the president is fit to carry out his duties.

The effort comes despite Republicans controlling Congress and the president retaining veto power, making the measure almost certain to fail.

More than 85 Democrats in Congress recently called for Trump to be impeached or removed through the 25th Amendment following comments he made about bombing Iran.

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Trump Pushes Skeptical House Republicans to Pass FISA Extension: ‘It Is Extremely Important to Our Military’

The Foreign Intelligence Surveillance Act and President Donald Trump do not have a happy history, but Trump is urging congressional Republicans to extend one part of the law Trump says was not the one misused during the Russiagate hoax.

Trump made a public plea on Truth Social to extend Section 702 of FISA.

As noted by Politico, Trump followed that up by calling Republicans opposed to extending the law that allows warrantless wiretaps of non-U.S. citizens for the next 18 months to the White House.

“I am asking Republicans to UNIFY, and vote together on the test vote to bring a clean Bill to the floor. We need to stick together when this Bill comes before the House Rules Committee today to keep it CLEAN!” Trump wrote earlier in his Truth Social post.

“I was a victim of the worst and most illegal abuse of FISA in our Nation’s History, by Radical Left Lunatics, who lied to the FISA Court to spy on my 2016 Presidential Campaign in their attempt to RIG the Election in favor of Crooked Hillary Clinton. Their use of this instrument in the 2020 Presidential Election was even worse! When the Dirty Cop, James Comey, the failed Head of the FBI, went after me, he was using FISA Title I, the Domestic Collection, not FISA 702, the Foreign Collection, which needs to be extended today,” Trump continued.

“While parts of FISA were illegally and unfortunately used against me in the Democrats’ disgraceful Witch Hunt and Attack in the RUSSIA, RUSSIA, RUSSIA Hoax, and perhaps would be used against me in the future, I am willing to risk that as a Citizen in order to do what is right for our Country,” he wrote.

Trump said that Section 702 is a tool the military needs.

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As US Initiates Blockade Of Hormuz, Trump Warns Any Iranian Ships Coming Near Will Be ‘Eliminated’

Mediators Still Press For Iran Deal After US Demanded 20-Year Halt To Nuclear Program

On Monday a US official has been cited in Axios as saying Iran must halt its nuclear enrichment program for 20 years to end the war, scaling back from an earlier White House demand for a permanent end to enrichment. And that’s when sources say the Iranians countered with a shorter “single digit” period, or less than ten years.

Multiple Middle Eastern countries are still working to mediate a resolution, as both Washington and Tehran moved away from maximalist positions on enrichment. Before the talks, Trump demanded a permanent halt, while Iran pushed for a deal allowing a civilian nuclear program without additional restrictions. Axios has further said the “door is not closed” on a deal, but certainly the two sides’ are still far apart, with Tehran accusing Washington of inexplicably reverting to intolerable “maximalist demands.”

At Least 15 US Navy Ships Enforce Blockade

The Wall Street Journal has newly detailed that more 15 American warships are now in place to support the operation, in the Gulf of Oman and the Arabian Sea. The report further specified that “An advisory to mariners from U.K. Maritime Trade Operations, which is affiliated with Britain’s Royal Navy, said maritime-access restrictions were being enforced for Iranian ports and coastal areas along the Persian Gulf, Gulf of Oman and parts of the Arabian Sea.

“Any vessel entering or departing the blockaded area without authorization is subject to interception, ​diversion, and capture,” a notification from US Central Command (CENTCOM) has said. And UKMTO has warned maritime traffic, “These access restrictions apply without distinction to vessels of any flag engaging with Iranian ports, oil terminals, or coastal facilities.”.

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America Needs a Regime Change

The American people need the Iran war like a fish needs a bicycle. For our politicians and permanent bureaucrats, it’s a different story.

The political class, adrift after the Soviet Union fell, needed a new animating mythos. Neoconservatives taught them to experience preemptive war against tinpot tyrants as a civilizational crusade. The Middle East – where America’s “greatest ally” faced existential threats – offered the ideal stage for the clash between order and barbarism.

Here was the role of a lifetime: to call the shots on a world-historical mission that cast unilateral hard power as virtue. No wonder they cling to it, even after every failed​ regime-change war.

President Donald Trump’s vow that he would never allow Iran to have a nuclear weapon was one of the few moments to draw bipartisan applause during his recent State of the Union address. So what if the geopolitical center of gravity now lies in the Indo-Pacific? On February 28, our leaders reached for another bloody encore in the desert, another stab at playing Wyatt Earp.

Like every functioning addict, America’s ruling class has enablers. Defense contractors monetize its messiah complex, the media industry mythologizes it, and a pro-Israel advocacy network leverages it by converting Israeli geopolitical ambitions into U.S. military imperatives.

When Israel decided to attack Iran, it should have been a time for choosing. Instead, the Trump administration treated U.S. participation as inevitable. The only choice we had was the timing. We could either join Israel’s opening blow or wait until Iran retaliated against U.S. forces before initiating hostilities. America’s terms of entry into the Iran war demonstrate “alliance entrapment,” regardless of whether Secretary of State Marco Rubio conceded it or not.

The first rule of a war of choice is to sell it as a necessity. In the absence of a direct attack on the homeland, the White House has cycled through several rationales. These include preventing an “imminent” nuclear threat (of which no public evidence has been produced), destroying Iran’s missile arsenal, liberating Iranians from tyranny, protecting Israel, and demanding the Islamic regime’s “unconditional surrender.” Ultimately, it settled on an official justification that is nearly verbatim from a memo by the Foundation for Defense of Democracies – a leading Iran-hawk think tank created to “enhance Israel’s image in North America.”

Since the war began, thirteen U.S. troops have been killed and 381 wounded, while the reported death toll across the Middle East is now in the thousands. If Trump opposed the 2003 Iraq War, why is he sacrificing blood and treasure in a strategically unwinnable regime-change operation? It appears that he objected to the outcome of that war and not the ideology that led to its failure. The “axis of evil” morality play always seduces those desperate to feel consequential.

The loudest case for Trump’s pursuit of glory in Iran was made by Israeli Prime Minister Benjamin Netanyahu. After all, dismantling the Shia theocracy and its proxy network would shift the regional balance of power in Israel’s favor. Media mogul Rupert Murdoch and “some conservative commentators” also reportedly pushed the President toward war. Given who the White House is now lionizing, it would be safe to infer that the latter includes big-name neocons Mark Levin and Ben Shapiro.

Contrary to what the Murdoch media entities and neocon cheerleaders claim, American tactical victories have not translated into functional success. Iranian missiles and drones still regularly strike U.S. bases, energy facilities, and civilian areas in our allied Gulf states. The Islamic regime remains intact and it has effectively closed off the Strait of Hormuz. Many of our Asian partners are reeling from the consequent oil and gas supply disruption.

Corroding Pax Americana is a small price for the ruling class to feel like history’s heroes. As the hostilities grind into a war of attrition, Taiwan and our other allies fear that the ongoing diversion of U.S. military forces from the Indo-Pacific will create an opening for Chinese adventurism.

But at home, defense industry-funded think tanks are marketing the conflict as if it closes that opening. Analysts from the Hudson Institute, for example, claim that the Iran war is the first act of a grand strategy to weaken China. They exaggerate China’s ties with Iran and overlook the U.S. military’s inability to conduct protracted wars in multiple theaters. This enabling narrative flips what is a strategic self-own into a 4D chess move.

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Trump’s World Liberty Financial uses five billion WLFI to borrow $75 million from a platform its adviser co-founded

World Liberty Financial, the crypto venture co-founded by the Trump family, has executed a series of transactions through decentralized finance (DeFi) lending protocol Dolomite that raises questions about insider access, circular token economics, and concentrated risk to other depositors.

Onchain records analyzed by CoinDesk, sourced from EtherscanArkham and publicly accessible wallet data, show the sequence began on Feb. 8, when WLFI’s treasury deposited 14 million USD1, its own dollar-pegged stablecoin, into Dolomite as collateral and borrowed 11.4 million USDC against it.

Minutes later, 11.45 million USDC moved to a Coinbase Prime deposit address, per Arkham. Two days later, 12.5 million USD1 was sent from the treasury to a separate Coinbase Prime deposit address. Coinbase Prime is typically used for converting crypto to fiat or for institutional OTC trading.

That 12.5 million USD1 was not borrowed from Dolomite. It moved directly from WLFI’s treasury wallet to the exchange, meaning the venture sent its own stablecoin straight to a fiat off-ramp.

But the WLFI token entered the picture twelve days later. On Feb. 20, the treasury deposited 890 million WLFI into Dolomite and borrowed 20 million USD1 against it.

On March 24, another 1.1 billion WLFI followed. In total, 1.99 billion WLFI tokens now sit as collateral inside Dolomite, and the treasury has received roughly 31.4 million in stablecoins from the protocol across both episodes.

The choice of protocol is not incidental, however.

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After talks fail, IDF planning for return to war, Trump mulls strikes on Iran — reports

All three major Hebrew TV networks reported that the IDF is gearing up for renewed conflict with Iran after the ceasefire talks between the United States and the Islamic Republic collapsed, in what appeared to be a coordinated leak by defense officials on Sunday.

The reported preparations came less than a week after a two-week ceasefire brokered by Pakistan went into effect, and a day after negotiations in Islamabad between the US and Iran failed to produce a deal to permanently end the war in the Middle East.

Earlier on Sunday, the Ynet news site reported that IDF Chief of Staff Lt. Gen. Eyal Zamir instructed the military to move to a “heightened state of readiness” and to prepare for a resumption of hostilities with Iran.

Then Channel 12 news reported in the evening, without citing any sources, that the IDF was not only gearing up for renewed conflict with Iran, but also preparing for a potential Iranian surprise attack on Israel.

The Kan public broadcaster, meanwhile, cited a “senior defense official” as saying that “Israel is interested in renewing the war against Iran,” after the war ended “too early, without sufficient pressure being applied on Iran regarding the nuclear issue and ballistic missiles.”

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Strikes on alleged drug boats kill 5 in eastern Pacific, U.S. military says

The U.S. military said Sunday that it blew up two boats accused of smuggling drugs in the eastern Pacific Ocean, killing a total of five people and leaving one survivor, as the Trump administration pursues its campaign against alleged traffickers in Latin America while preparing a naval blockade of Iranian ports.

The attacks on Saturday bring the number of people who have been killed in boat strikes by the U.S. military to at least 168 since the Trump administration began targeting those it calls “narcoterrorists” in early September.

As with most of the military’s statements on the dozens of strikes in the eastern Pacific and Caribbean Sea, U.S. Southern Command said it targeted the alleged drug traffickers along known smuggling routes. The military did not provide evidence that the vessel was ferrying drugs. Videos posted on X showed small boats moving across the water before they each were engulfed in a bright explosion.

U.S. Southern Command stated on X that it notified the U.S. Coast Guard to activate the search-and-rescue system for the survivor. The Coast Guard confirmed it was coordinating the search and said updates would be provided when available.

President Donald Trump has said the U.S. is in “armed conflict” with cartels in Latin America and has justified the attacks as a necessary escalation to stem the flow of drugs into the United States and fatal overdoses claiming American lives. But his administration has offered little evidence to support its claims of killing “narcoterrorists.”

Critics have questioned the overall legality of the boat strikes as well as their effectiveness, in part because the fentanyl behind many fatal overdoses is typically trafficked to the U.S. over land from Mexico, where it is produced with chemicals imported from China and India.

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Trump Declares US Blockade on Strait of Hormuz After No Deal Reached With Iran

President Trump declared on Sunday that he was ordering the US Navy to impose a blockade on the Strait of Hormuz, and the US military announced it would begin blocking all ships leaving or traveling to Iranian ports starting at 10:00 am Eastern Time on Monday morning.

Trump’s declaration came after US and Iranian officials held about 20 hours of talks in Pakistan that didn’t result in a deal. He said that the US and Iran were at an impasse on the nuclear issue, as Washington is still demanding that Tehran commit to zero nuclear enrichment. Another major sticking point is the fact that Israel has refused to enact a ceasefire in Lebanon and has continued major airstrikes on the country that have massacred hundreds of civilians since the US-Iran truce started.

“So, there you have it, the meeting went well, most points were agreed to, but the only point that really mattered, NUCLEAR, was not. Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz,” Trump wrote on Truth Social.

“At some point, we will reach an ‘ALL BEING ALLOWED TO GO IN, ALL BEING ALLOWED TO GO OUT’ basis, but Iran has not allowed that to happen by merely saying, ‘There may be a mine out there somewhere,’ that nobody knows about but them. THIS IS WORLD EXTORTION, and Leaders of Countries, especially the United States of America, will never be extorted,” he added.

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