Politico·2 min read·medium

Trump-appointed regulator OKs banking license for Trump-linked crypto firm - Politico

M
Michael Stratford, Declan Harty
Trump-appointed regulator OKs banking license for Trump-linked crypto firm - Politico
AI Summary

The OCC has approved a banking license for a crypto firm with ties to the Trump administration. Critics argue this represents a conflict of interest regarding the President's personal business dealings.

Citizens for Responsibility and Ethics in Washington CEO Donald Sherman called the OCCs approval the most egregious example to date of the Presidents businesses profiting from his government job. Th…

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