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Trump's Crypto Company Gets Approval to Run Bank Amid Controversy

Guavy AI Editorial Team
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A company owned by Donald Trump has received approval to run a bank despite controversy over its ties to cryptocurrency.

The Office of the Comptroller of the Currency (OCC) gave the green light to Digital World Acquisition Corp., which is backed by former President Trump, to operate as a national bank.

This move has sparked criticism from lawmakers and experts who argue that it poses risks to the financial system due to the company's ties to cryptocurrency and its lack of experience in traditional banking.

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