The Trump administration has announced its defense of the Corporate Transparency Act (CTA), a law aimed at preventing financial crimes by requiring businesses to report their ownership to the U.S. government. Amid legal challenges, the Supreme Court has allowed the enforcement of the CTA, putting the decision back in the hands of the Trump administration, which has indicated a potential modification in its application. The administration has appealed an injunction in Smith v. U.S. Department of the Treasury, signaling its intent to move forward with enforcement while assessing the potential burden on businesses. If the court allows the rule to go into effect, the Financial Crimes Enforcement Network (FinCEN) intends to extend the deadline for some 32 million U.S. businesses to file their ownership information for another 30 days. The CTA, passed during Trump's first term and implemented under the Biden administration, has faced opposition from Republican-led states and members of Congress, who argue it is unconstitutional and invasive. The administration's stance on the CTA may also be influenced by its foreign policy objectives, particularly in relation to enforcing international trade sanctions and combating anti-money laundering efforts.