Trump-linked crypto venture World Liberty Trust granted bank status

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AI Fusion Summary

A US national bank regulator has granted conditional approval for a bank charter to World Liberty Financial, a crypto venture backed by the Trump family. This unprecedented move allows a wing of the business, World Liberty Trust, to establish a National Trust Bank. This regulatory milestone enables the company to issue USD1 and opens the door for the crypto company to attract and serve larger clients within the financial sector.
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