Earlier quoted context omitted.
The US already deputizes third parties to enforce its laws. Banks are responsible for KYC / AML. Grocery stores must check ID when selling alcohol. This is nothing special.
It's accurate that the US already does it, but that doesn't tell you if we should be doing it. It does, however, provide evidence that doing that is dumb. KYC/AML have an effectiveness that rounds to zero while causing trouble for innocent people as the government pressures the banks to do something about problems the banks aren't in a position to actually solve, so instead the banks suspend the accounts of more inno…
That's factually inaccurate.