World Liberty Financial, a cryptocurrency firm with ties to the Trump family, has received conditional approval for a bank charter from a US regulator, according to multiple reports. The approval, which is preliminary, has sparked alarm among lawmakers and watchdogs.
Approval Details
World Liberty Financial, a crypto firm backed by the Trump family, has received conditional approval for a bank charter from a US regulator. The approval, which is preliminary, was given by a regulator appointed by the Trump administration. This development has raised concerns among lawmakers and watchdogs who view it as a 'brazen act of self-dealing.'