1 Day
Source:
The Guardian
Crypto bank partly owned by Trump family offers depositor access to White House experts
A new crypto bank partly owned by the Trump family received conditional approval from US regulators to operate and issue a dollar-pegged stablecoin, USD1. The bank's ownership includes approximately 38% controlled by the Trump-affiliated entity, and its primary purpose appears to be facilitating the widespread adoption of USD1. Experts suggest that the bank may serve as a means for individuals to influence or gain favor with the Trump administration. Despite regulatory oversight, critics argue that the approval process was influenced by President Trump's control of bank regulations.
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