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The Trump family's World Liberty Financial says its entity World Liberty Trust applied for a US banking license, which would let it issue the USD1 stablecoin

Critics have said World Liberty and its stablecoin pose a major conflict of interest for President Trump

Wall Street Journal Vicky Ge Huang

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  • @grahamsteele Graham Steele on bluesky
    Today, the Trump family's crypto company applied for a banking charter.  —  The application should be denied, but there's realistically no way Trump-appointed regulators will do that.  This charter will help the president profit from the recently passed stablecoin law.  —  www.ws…