Trump's Crypto Company Gets Green Light to Run Bank Amid Controversy

Trump's crypto company, Digital World Acquisition Corp., has received approval from US regulators to run a bank. This decision is seen as highly unusual and controversial.

The Office of the Comptroller of the Currency (OCC) granted Digital World Acquisition Corp. national banking charter status. This allows them to operate as a federal savings association, which enables them to offer banking services to customers in the US.

This approval has sparked concern among some lawmakers and experts who believe that Digital World Acquisition Corp. is not equipped to handle the complexities of running a bank. They also question the motivations behind the OCC's decision.