Hacker News·4 min read·medium
The Trumps' Crypto Project Just Got One Step Closer to Becoming a Bank
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✦AI Summary
The Office of the Comptroller of the Currency has granted conditional approval for the Trump family's crypto venture, World Liberty Financial, to operate as a bank. This move allows the company to issue its own stablecoin tokens domestically, raising concerns about potential conflicts of interest.
Trump appears at a March 2025 White House cryptocurrency summit alongside Treasury Secretary Scott Bessent, whose department houses the Office of the Comptroller of the Currency. Chris Kleponis/CNP/Zuma
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