The Trumps’ Crypto Project Just Got One Step Closer to Becoming a Bank
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Federal regulators have given President Donald Trump’s family crypto business a conditional approval to operate like a bank. On Friday, the Office of the Comptroller of the Currency—led by Trump appointee Jonathan Gould—announced that World Liberty Financial, a crypto venture controlled by the Trump family, was on track to receive a banking charter. This will allow World Liberty Financial to issue its stablecoin tokens—called “USD1″—inside the United States without an intermediary.
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