World Liberty Trust Gets Bank Status in First for President
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- World Liberty Trust, a crypto venture linked to Trump, was granted bank status in what ABC News called an unprecedented move for a sitting president
- Lawmakers and watchdogs described the Trump regulators' decision to let the Trump-linked firm begin operating as a bank as a 'brazen act of self-dealing,' per CNN
Why it matters: The decision gives a Trump family-linked crypto firm a banking charter while Trump sits in the White House, and CNN already has lawmakers and ethics watchdogs on the record calling it self-dealing — a rare public rebuke that hands congressional overseers a ready-made narrative against Trump-era financial regulators.
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