Crypto bank part-owned by Trump family offers depositors way to ‘gain favor’ with White House, experts say
Democrats have called World Liberty Trust Company a stark example of corruption but officials claim there is no insider dealing Two fundamentals underpin the business model of a new crypto bank partly owned by the Trump family, cryptocurrency experts tell the Guardian.
World Liberty Trust Company received conditional approval this month from the US office of the comptroller of the currency (OCC) to start a bank.
An entity affiliated with Donald Trump and his family members owns about 38% of the company.
The agency is led by a political appointee of the US president.
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5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.theguardian.com — the content belongs to The Guardian Business.
