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Trump's Family Crypto Firm Is Expected to Get Federal Banking Privileges [View all]
https://www.notus.org/economy/trump-family-crypto-firm-federal-banking-charterPresident Donald Trump’s family crypto business is expected to soon be allowed to operate like a bank — a decision that would give U.S. companies a new route to steer money to the president.
World Liberty Financial, the stablecoin and trading platform co-founded by Trump and his three sons, applied for a national trust bank charter with the Office of the Comptroller of the Currency, or OCC, on Jan. 5. The Trump-appointed head of the OCC, Jonathan Gould, is due to announce his decision soon, and industry experts and congressional aides expect it to go in the Trump family’s favor.
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