WLFI Pumps and Dumps as Trump-Backed World Liberty Gets Green Light for US Bank Charter

World Liberty, a venture backed by Trump, has received conditional approval for a US bank charter. This regulatory milestone allows the establishment of the World Liberty Trust Company, which will bring the issuance and custody of the USD1 stablecoin under its own federally supervised trust bank. Consequently, the proposed entity will take over the issuance of the USD1 stablecoin from BitGo, integrating these operations within its own supervised framework to manage the digital asset's lifecycle.