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Crypto bank part-owned by Trump family offers depositors way to ‘gain favor’ with White House, experts say
BusinessThe Guardian20 Aug, 06:01 pmAtlasHour
Business

Crypto bank part-owned by Trump family offers depositors way to ‘gain favor’ with White House, experts say

Democrats have called World Liberty Trust Company a stark example of corruption but officials claim there is no insider dealing Two fundamentals underpin the business model of a new crypto bank partly owned by the Trump family, cryptocurrency experts tell the Guardian. World Liberty Trust Company received conditional approval this month from the US office of the comptroller of the currency (OCC) to start a bank. An entity affiliated with Donald Trump and his family members owns about 38% of the company. The agency is led by a political appointee of the US president...

Source-linkedAtlasHour DeskThe Guardian20 Aug, 06:01 pm

What happened

Democrats have called World Liberty Trust Company a stark example of corruption but officials claim there is no insider dealing Two fundamentals underpin the business model of a new crypto bank partly owned by the Trump family, cryptocurrency experts tell the Guardian.

Why it matters

AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.

Global context

The story is being tracked through Bitcoin.

Who is affected

Bitcoin

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Why It Matters

The consequence layer

AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.

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The Guardian

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