ABCNEWS - Trump-linked crypto venture World Liberty Trust granted bank status
A national bank regulator granted a wing of the Trump family's crypto business conditional approval to establish a bank charter, opening the door for larger clients.
AI:A national bank regulator has granted conditional approval for World Liberty Financial, a crypto venture closely tied to the Trump family, to establish a bank charter. This regulatory milestone allows the entity to expand its operations and pursue high-level institutional clients by integrating into the formal banking infrastructure. This development follows recent moves involving the Treasury Department granting banking charters to Witkoff, another Trump-family-owned crypto firm, signaling a broader shift in how these crypto-aligned financial ventures are being integrated into the traditional financial system.Open
