Trump-Linked Crypto Firm Gets Bank Status
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- World Liberty Trust, a Trump-linked crypto venture, was granted bank status by US regulators in what ABC News called an 'unprecedented move for president'
- Lawmakers and watchdogs condemned the approval as a 'brazen act of self-dealing' after Trump regulators greenlit the Trump firm's banking license
Why it matters: A sitting president's business venture receiving a banking license from his own regulators creates an unprecedented conflict of interest, with watchdogs framing the approval as self-dealing by Trump appointees overseeing a Trump-linked company.
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