Trump family’s crypto firm seeks US bank charter
World Liberty Financial, the cryptocurrency company linked to the Trump family, has applied for a banking license in the United States. This marks a significant step in expanding their footprint within the financial sector, especially in the crypto space.
Source Bloomberg
It is also reported that World Liberty Financial is forming a new trust company called WLTC, which intends to offer cryptocurrency custody and stablecoin conversion services.
This move indicates the company’s intention to operate at the intersection of banking and cryptocurrency services, potentially creating new opportunities for clients and impacting the competitive landscape.
