Trump's Crypto Company Clears Hurdle to Launch Bank Amid Industry Backlash

Trump's crypto company has received approval to run a bank, sparking controversy in the financial industry.

The approval comes after a lengthy review process, with some experts expressing concerns about the potential risks associated with allowing a cryptocurrency-focused entity to operate as a bank.

Regulators have not disclosed any specific details about the terms of the approval or how it will impact the company's operations.