U.S. Authorities Tentatively Approve Trump Family's Bank Establishment, Raising Conflict of Interest Concerns

The Office of the Comptroller of the Currency (OCC) has conditionally approved the bank establishment application of World Liberty Financial, a stablecoin issuing company involved with the Trump family, Bloomberg reported by the 24th. The company issues the dollar-linked stablecoin 'USD1'. According to OCC data, in the approximately 20 months since the Trump administration took office, the number of new bank licenses approved has reached 22, surpassing the total of the last five years. Many of these are fintech companies and cryptocurrency-related ventures...