Trump Family Crypto Bank Gets Conditional Approval | Business and Finance News

A national bank regulator has given conditional approval to a crypto firm tied to the Trump family, paving the way for expanded stablecoin operations under a new trust bank charter. World Liberty Financial, co-founded by Trump and his sons and now led by a Witkoff family member with deep ties to the president, aims to offer faster payments and an alternative to traditional banking — without taking deposits or making loans. While Democrats raise conflict-of-interest concerns, regulators insist the process was ethical and supervised by nonpolitical examiners. The company’s USD1 stablecoin is already the fourth-largest by market cap, and approval hinges on maintaining $20 million in capital and keeping regulators informed of major changes. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1f9287d890aae80d