The Trump administration has recently celebrated significant changes to financial regulatory laws, particularly the suspension of enforcement of the Corporate Transparency Act (CTA) and anti-money laundering measures. The Treasury Department announced that enforcement will be restricted to foreign entities only, effectively halting the tracking of beneficial ownership information (BOI) for U.S. businesses. Trump has praised these moves as victories for small businesses, claiming the previous regulations were burdensome and invasive. Legal challenges to the Corporate Transparency Act continue, but for now, enforcement actions, penalties for non-compliance, and reporting obligations have been paused, signaling a shift in how ownership transparency will be managed in the U.S.