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Trump Family Crypto Bank Gets Conditional Approval | Bend News
A Trump-appointed regulator has granted conditional approval for a crypto firm tied to the Trump family to operate as a bank — a historic first allowing a sitting president’s family business to hold a banking charter. The company, World Liberty Trust Co., will now issue its own stablecoin, cutting out third-party providers and boosting profits. Critics, including Senator Elizabeth Warren, condemn it as unprecedented self-dealing, while the OCC insists procedures were followed. With over $1.4 billion in reported earnings for Trump and $2 billion in Abu Dhabi investment, the move raises serious…
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