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World Liberty Financial

All articles tagged with #world liberty financial

politics1 month ago•1 min saved

UAE Security Chief Holds 49% Stake in Trump Family’s Crypto Bank

The Wall Street Journal reports that Sheikh Tahnoon bin Zayed al Nahyan, the UAE’s national security advisor, controls a 49% stake in the holding company for World Liberty Financial’s planned bank. This follows a $500 million investment in January 2025, which directed $263 million to Trump family entities. The venture recently received conditional federal approval to issue the USD1 stablecoin, raising concerns about conflicts of interest amid ongoing U.S.-UAE chip negotiations.

via CNBC|

#crypto-banking #foreign-investment #politics

politics-and-finance2 months ago•4 min saved

Trump family crypto firm gains bank charter, sparking ethics debate

The Office of the Comptroller of the Currency (OCC) granted conditional approval for World Liberty Trust Company, a crypto firm partly owned by the Trump family, to operate as a trust bank. This allows the company to issue its USD1 stablecoin under federal supervision. Critics argue this creates an unprecedented conflict of interest, while supporters claim it brings the firm under robust regulatory oversight.

via The Guardian|

#banking #crypto #politics-and-finance

politics2 months ago•4 min saved

Senate Democrats introduce bill to bar Trump-linked crypto firm from banking charter

The Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval for World Liberty Trust Co., a cryptocurrency venture co-founded by President Trump’s sons and the son of Middle East envoy Steve Witkoff, to operate as a trust bank. This move allows the firm to issue and manage its USD1 stablecoin, which has over $4 billion in circulation, though it will not take deposits or make loans. In response, Senator Elizabeth Warren and nine other Senate Democrats introduced the 'Ending Presidential Corruption in Banking Act' to prohibit the president, vice president, and senior officials from owning or controlling banks. The White House and World Liberty Financial defended the decision, citing robust regulatory oversight and a commitment to separate the Trump family’s financial interests from the bank’s operations.

via Los Angeles Times|

#banking-regulation #cryptocurrency #elizabeth-warren

politics2 months ago•1 min saved

Treasury grants Trump-linked World Liberty Financial conditional bank charter

The Office of the Comptroller of the Currency (OCC) granted conditional approval for World Liberty Financial, a cryptocurrency firm co-founded by President Donald Trump and his sons, to become a national trust bank. The charter allows the firm to issue its USD1 stablecoin and provide custody services but prohibits it from taking deposits or making loans. Critics, including Senator Elizabeth Warren, condemn the move as unprecedented self-dealing, while the White House and company officials argue the firm is embracing federal oversight and that safeguards prevent conflicts of interest.

via USA Today|

#banking-regulation #conflict-of-interest #cryptocurrency

politics2 months ago•200 min saved

OCC Grants Conditional Bank Charter to Trump Family Crypto Firm

The Office of the Comptroller of the Currency has granted preliminary conditional approval for World Liberty Financial, a crypto venture co-founded by President Trump and his sons, to operate as a trust bank. This move allows the firm to issue its USD1 stablecoin without intermediaries, sparking intense criticism from Democrats who call it a conflict of interest. While the White House insists the arrangement is conflict-free, critics argue it creates an unprecedented situation where the president regulates his own business.

via CNN|

#donald-trump #ethics #occ

finance-and-politics2 months ago

OCC Conditionally Approves Trump Family Crypto Venture for Federal Bank Charter

The Office of the Comptroller of the Currency (OCC) has conditionally approved a national trust bank charter for World Liberty Financial, a cryptocurrency venture co-founded by President Donald Trump and his sons. This decision allows the firm to issue its USD1 stablecoin to institutional clients and act as a fiduciary for digital assets, though it does not grant full banking powers. The approval requires the company to hold $20 million in Tier 1 capital and $10 million in liquid assets. Critics, including Senator Elizabeth Warren, have condemned the move as a severe conflict of interest, noting that the Trump family holds a 38% stake in the company and has reported over $1.1 billion in crypto earnings.

via News of the United States - NOTUS|

#conflict-of-interest #finance-and-politics #occ

politics2 months ago•24 min saved

OCC Grants Preliminary Bank Charter to Trump Family Crypto Firm

The Office of the Comptroller of the Currency (OCC) granted preliminary approval for a federal bank charter to World Liberty Financial, a crypto venture owned by President Donald Trump and his family. This decision, which allows the firm to issue its USD1 stablecoin and custody assets, has been condemned by Democrats as a severe conflict of interest and self-dealing.

via Common Dreams|

#conflict-of-interest #cryptocurrency #donald-trump

finance2 months ago•1 min saved

OCC Grants Conditional Bank Charter to Trump-Linked Crypto Firm

The Office of the Comptroller of the Currency (OCC) has conditionally approved a national trust bank charter for World Liberty Trust Co., a venture linked to President Donald Trump’s family. This decision allows the company to manage its USD1 stablecoin under federal supervision, potentially replacing third-party providers like BitGo. While the administration views this as a step toward institutional credibility, Democrats have condemned it as a historic conflict of interest, noting that the president retains a 38% financial stake in the parent company.

via Politico|

#banking-regulation #conflict-of-interest #cryptocurrency

entertainment2 months ago•18 min saved

John Oliver Dives Into Trump's Crypto Empire and the Push for Guardrails

On Last Week Tonight, John Oliver exposes how Trump and his family have built a crypto-heavy portfolio around meme coins and World Liberty Financial, highlighting massive personal gains (over $2.2B in the first year back, with about $1.4B from crypto ventures) alongside billions in losses for ordinary investors, plus overseas deals and chip-arm collaborations; he argues these conflicts of interest demand stronger guardrails as crypto regulation shifts from the SEC to the CFTC under the CLARITY Act.

via Variety|

#crypto #entertainment #john-oliver

politics3 months ago•18 min saved

Trump’s crypto windfall moves into stocks and bonds, filings show

Reuters reports that Donald Trump’s 2025 disclosures show he earned over $1.4 billion from his crypto ventures last year and, using his money managers, shifted a large portion of those proceeds into traditional assets like stocks and bonds, increasing his holdings in these safer assets. He still holds World Liberty Financial tokens and the Trump meme coin, but did not report buying publicly listed crypto firms backed by his sons. White House says his assets are in discretionary accounts managed by independent institutions, while analysts say crypto is not his primary wealth store and retailers have faced billions in losses from Trump-backed crypto projects.

via Yahoo Finance|

#crypto #financial-disclosures #politics

business3 months ago•18 min saved

Trump's crypto windfall shifted into stocks and bonds, filings show

New financial disclosures show President Trump earned more than $1.4 billion from his family’s crypto ventures last year, but his personal portfolio moved the proceeds into traditional assets—stocks and bonds—rising fourfold to roughly $0.7–$2.6 billion by end-2025 from $0.2–$0.6 billion in 2024. Experts say crypto isn’t the primary store of his wealth, the White House notes accounts are discretionary and managed by independent institutions, and Reuters highlights significant losses for retail investors in Trump-backed crypto projects.

via Yahoo Finance|

#business #crypto #disclosures

business3 months ago•3 min saved

US eases UAE export rules, signaling favorable treatment for MGX amid crypto-backed Binance stake

The Commerce Department announced a move to ease export controls on the United Arab Emirates, stating it will favorably review license applications for MGX—the UAE-backed investment firm that used the Trump family–affiliated USD1 stablecoin to fund a $2 billion stake in Binance; the rule also expands license exemptions for UAE AI and computing tech and upgrades the UAE’s status as a Major Defense Partner, drawing criticism from Sen. Elizabeth Warren who warns of national-security risks, while officials say the changes accelerate legitimate trade without removing safeguards.

via CNBC|

#binance #business #export-controls

business3 months ago•16 min saved

Trump’s Investor Fallout: Billions Lost in Truth Social and Memecoins

Forbes reports that Donald Trump’s post‑White House ventures—Truth Social, World Liberty Financial, and related memecoins—left investors about $7 billion poorer, while Trump reportedly netted roughly $3 billion; the piece highlights individual losses, including a truck driver who poured life savings into Trump-linked assets, and dramatic declines in the associated tokens.

via Yahoo Finance|

#business #investors #memecoin

business3 months ago•61 min saved

Trump's Crypto Venture Crashes as Investors Lose $7B

After leaving the White House, Donald Trump launched Truth Social via the Trump Media and Technology Group and expanded into crypto with World Liberty Financial and various Trump-family memecoins (including Melania Trump’s coin) and American Bitcoin. Forbes reports he personally netted about $3 billion, while investors lost roughly $7 billion as the assets cratered (Trump Media down around 89%, World Liberty Financial about 82%, Trump memecoin about 98%, Melania’s token around 99%, American Bitcoin about 95%). The piece highlights individual investors who risked life savings—one truck driver who amassed $100,000 only to see it vanish, another who plowed in hundreds of thousands and called it a scam—while noting comment attempts from Trump’s camp and related entities.

via The Daily Beast|

#business #donald-trump #melania-trump-memecoin

politics3 months ago•43 min saved

Christie Blasts Trump’s Crypto Windfall as Putin-Style Graft

Former New Jersey Governor Chris Christie criticized Donald Trump, comparing the president’s enormous 2025 profits from cryptocurrency to Putin-style corruption after ethics disclosures showed about $1.4 billion in crypto income, including over $500 million from World Liberty Financial and about $635 million from the TRUMP meme coin, along with additional seven-figure sums from settlements, watches, and other merchandise.

via Yahoo|

#christie #cryptocurrency #politics