Breaking news: A crypto project linked to the Trump family is seeking regulatory approval to launch a national trust bank.
The initiative, backed by the team behind World Liberty Fi (WLFI), is aiming to secure authorization that would allow it to operate as a federally recognized trust bank. If approved, the bank would support a range of digital asset services, including custody, payments, and tokenization, while operating under U.S. banking regulations.
Proponents say the plan is designed to connect traditional financial systems with the growing digital asset market by offering a regulated platform for crypto custody, stablecoin activity, and blockchain-based payments. At the same time, regulators are expected to closely examine the proposal, particularly around compliance standards, governance structure, and the intersection of political branding with national financial infrastructure.
Industry observers are monitoring the application carefully, as its outcome could shape future discussions about how cryptocurrencies fit into the U.S. banking system and potentially influence how similar digital-asset trust banks are approved moving forward.
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