According to Semafor, the Trump administration will not move forward with a requirement directing financial institutions to collect proof of citizenship for their customers. Trump Administration Allegedly Considering Executive Order Requiring Banks Verify Citizenship From Customers, White House Spokesperson Responds A White House official told Semafor that Trump will sign a pair of executive orders "aimed at insulating the US’ financial system from undocumented immigrants and expanding fintech firms’ access to the Federal Reserve’s payment rails," the outlet reports.