Secretary Scott Bessent is building a legacy of financial surveillance and control. The announcement that he is stopping Americans from sending their money abroad and increasing surveillance under the Bank Secrecy Act should be condemned.
Yet, it should be no surprise.
Yet, it should be no surprise. It was only just last year that Secretary Bessent increased financial surveillance to target transactions as little as $200. After being sued for this violation of fundamental freedoms, he responded by expanding surveillance to cover even more Americans.
This playbook has been used time after time. When the Bank Secrecy Act was first passed, Congress claimed Americans were hiding money in Swiss bank accounts. Then it was expanded to fight the war on drugs. Then it was expanded again for the war on terror. Now it seems it’s the war on fraud.
Fighting crime is a worthy endeavor. However, we cannot sacrifice the freedoms that make America great in the process.
EconWithNick / Nick Anthony
npub1n2…agflr
2026-01-09 14:18:18 UTC
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wss://nos.lolPublished at
2026-01-09 14:18:18 UTCEvent JSON
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"content": "Secretary Scott Bessent is building a legacy of financial surveillance and control. The announcement that he is stopping Americans from sending their money abroad and increasing surveillance under the Bank Secrecy Act should be condemned. \n\nYet, it should be no surprise. https://blossom.primal.net/e23d7989b86e04fcd3c8037999595811678e6845f3cf4a8d1dd82a21c5027843.mp4 \n\nYet, it should be no surprise. It was only just last year that Secretary Bessent increased financial surveillance to target transactions as little as $200. After being sued for this violation of fundamental freedoms, he responded by expanding surveillance to cover even more Americans. \n\nThis playbook has been used time after time. When the Bank Secrecy Act was first passed, Congress claimed Americans were hiding money in Swiss bank accounts. Then it was expanded to fight the war on drugs. Then it was expanded again for the war on terror. Now it seems it’s the war on fraud. \n\nFighting crime is a worthy endeavor. However, we cannot sacrifice the freedoms that make America great in the process. ",
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