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Trump-Linked Company Gets Green Light for Bank Amid Crypto Concerns

Guavy AI Editorial Team
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A company affiliated with former US President Donald Trump has received approval to operate a bank, sparking controversy over its ties to cryptocurrency and potential regulatory issues.

The Office of the Comptroller of the Currency (OCC), a federal agency responsible for chartering and regulating banks in the United States, granted approval to Digital World Acquisition Corporation's subsidiary, DWAC Bank.

The move has raised concerns among some experts who argue that a bank with ties to cryptocurrency may pose risks to financial stability.

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