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Trump-Linked Crypto Venture Granted Bank Status Amid Conflict of Interest Concerns

Guavy AI Editorial Team
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A Trump-linked crypto venture called World Liberty Trust has been granted bank status by the Office of the Comptroller of the Currency (OCC), marking a historic first in U.S. history.

The approval allows the company, which is owned by an entity affiliated with Donald J. Trump and his family members to issue stablecoin cryptocurrency tied to the U.S. dollar.

This move has raised concerns among Democratic lawmakers over potential conflicts of interest, as the president's family stands to profit from the decision.

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