economy
World Liberty Financial bank charter preliminarily approved
A regulator has given conditional approval for a bank charter application tied to World Liberty Financial, the cryptocurrency firm associated with the Trump family.
TL;DR
- A regulator has given conditional approval for a bank charter application.
- The application is tied to World Liberty Financial, a cryptocurrency firm associated with the Trump family.
- The Office of the Comptroller of the Currency announced the conditional approval.
- Final approval is dependent on meeting all pre-opening requirements.
- Democrats are anticipated to raise conflict-of-interest concerns.