Having an active national emergencies act active allows
The government to seize and freeze bank accounts. The problem is most active national emergencies act are never closed or deactivated. So legally our government can do that without warrants or any need to follow the constitution and any law. Our government can act in any manner even if it is unlawful without reproach because of the unlimited power that act gives. I will post screen grabs from the act itself that will show you 7 or 8 powers of the 200+ powers it gives the current president. Also, Biden signed an executive order in secret that allows the government to record all of your personal data and communications and your financial movements including your banking.