Stalin
Well-Known Member
- Joined
- Apr 4, 2008
- Messages
- 4,431
No folks..this is not the onion
The operation to loot as much of the economy and the federal government as possible moves into top gear..
President Donald Trump’s family crypto business is expected to soon be allowed to operate like a bank — a decision that would give U.S. companies a new route to steer money to the president.
World Liberty Financial, the stablecoin and trading platform co-founded by Trump and his three sons, applied for a national trust bank charter with the Office of the Comptroller of the Currency, or OCC, on Jan. 5. The Trump-appointed head of the OCC, Jonathan Gould, is due to announce his decision soon, and industry experts and congressional aides expect it to go in the Trump family’s favor.
Two former staffers at the banking regulator, speaking on the condition of anonymity for fear of professional reprisals, said it is all but certain that the OCC will approve the charter for Trump’s firm, with one saying it was “inconceivable” that the application would be denied.
Gould has granted approval to about a dozen similar crypto firms since assuming the role and changed the criteria for bank charters to be more crypto friendly. World Liberty Financial has argued that it meets the OCC’s new criteria for a bank charter. Good-government advocates and Democratic lawmakers say approving the Trump family’s crypto business would pose an unprecedented conflict of interest.
www.notus.org
comrade stalin
moscow
The operation to loot as much of the economy and the federal government as possible moves into top gear..
President Donald Trump’s family crypto business is expected to soon be allowed to operate like a bank — a decision that would give U.S. companies a new route to steer money to the president.
World Liberty Financial, the stablecoin and trading platform co-founded by Trump and his three sons, applied for a national trust bank charter with the Office of the Comptroller of the Currency, or OCC, on Jan. 5. The Trump-appointed head of the OCC, Jonathan Gould, is due to announce his decision soon, and industry experts and congressional aides expect it to go in the Trump family’s favor.
Two former staffers at the banking regulator, speaking on the condition of anonymity for fear of professional reprisals, said it is all but certain that the OCC will approve the charter for Trump’s firm, with one saying it was “inconceivable” that the application would be denied.
Gould has granted approval to about a dozen similar crypto firms since assuming the role and changed the criteria for bank charters to be more crypto friendly. World Liberty Financial has argued that it meets the OCC’s new criteria for a bank charter. Good-government advocates and Democratic lawmakers say approving the Trump family’s crypto business would pose an unprecedented conflict of interest.
Trump’s Family Crypto Firm Is Expected to Get Federal Banking Privileges
Trump-appointed bank regulators’ crypto-friendly approach is likely to extend to World Liberty Financial, despite ethics concerns.
comrade stalin
moscow
