US Regulator Grants Banking Licence to Trump Family Crypto Venture

The US regulator has granted a banking licence to Trump Family Trust, a cryptocurrency venture founded by the Trump family. This move is significant as it marks one of the first times a crypto company tied to a prominent public figure has received a banking licence.

The license was granted by the Office of the Comptroller of the Currency (OCC), which is responsible for chartering and supervising national banks in the US. The OCC did not comment on the specifics of the license or how it plans to supervise Trump Family Trust.