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Bank Charter

All articles tagged with #bank charter

business18 days ago•3 min saved

Trump-Affiliated World Liberty Wins Preliminary Bank Charter to Issue Stablecoins

The Treasury granted a conditional, preliminary bank charter to World Liberty Trust Company, a Trump-linked venture, enabling it to issue dollar-tied stablecoins. The move cements a crypto-friendly regulatory path for the company, which is co-founded by Donald Trump and has reportedly earned the former president nearly $800 million in 2025. The charter includes safeguards to keep the Trump family business separate from banking operations, while critics like Sen. Elizabeth Warren argue it represents potential self-dealing.

via USA Today|

#bank-charter #business #cryptocurrency-regulation

politics18 days ago•335 min saved

Trump’s crypto venture eyes bank charter, ethics fears flare

Regulators appointed by President Trump gave World Liberty Financial, the Trump family’s crypto firm, preliminary approval to become a trust bank, a move critics call a brazen act of self-dealing. The bank would not take deposits or make loans but could issue and safeguard the USD1 stablecoin with billions in circulation, raising concerns about conflicts of interest as Trump and family members could influence oversight. Prominent critics like Elizabeth Warren say the decision creates unprecedented risks and have urged a bill to bar presidents’ families from bank approvals, while defenders say the regulation and oversight will remain robust; the episode could also slow crypto-regulation efforts such as the Clarity Act.

via CNN|

#bank-charter #ethics-conflict #politics

business2 months ago•2 min saved

Klarna eyes U.S. bank charter to bring lending in-house

Klarna has applied to set up a U.S. FDIC‑insured bank in Utah, enabling it to fund loans with customer deposits and bring more banking operations in-house, while broadening its offerings beyond buy now, pay later and reducing reliance on third‑party banks.

via CNBC|

#bank-charter #business #fintech

business1 year ago•1 min saved

Circle Seeks U.S. Bank Charter Following IPO Success

Circle Internet Group has applied for a national trust bank charter to integrate stablecoins into traditional finance, aiming to establish the First National Digital Currency Bank, N.A., which would also offer custody services for assets like stocks and bonds on a blockchain. This move follows a successful IPO and aligns with recent U.S. regulatory developments, potentially strengthening the USDC stablecoin infrastructure and the U.S. dollar's resilience.

via CNBC|

#bank-charter #business #circle