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Trump-Backed Crypto Firm Gets Green Light for Bank Charter

Guavy AI Editorial Team
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A company founded by former US President Donald Trump has received approval to operate a bank, despite controversy surrounding its involvement in cryptocurrency.

The news comes from WMAR-2 News Baltimore, which reported on the development without providing further details or context about the bank's operations or timeline for launch.

It is unclear what this means for the banking industry, as there are concerns about the potential risks associated with a company involved in cryptocurrency being granted a charter to operate a traditional bank.

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