Trump-linked Crypto Firm Wins Federal Banking License
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A crypto venture backed by Donald Trump and his family has received preliminary approval for a federal banking license, sparking controversy due to potential conflicts of interest. The Office of the Comptroller of the Currency (OCC) granted the approval to World Liberty Trust Co., which aims to manage its USD1 stablecoin under federal supervision. Critics argue this is a clear example of self-dealing, while the OCC maintains it followed established policies.
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