TRUMP FAMILY-BACKED CRYPTO FIRM WORLD LIBERTY GETS CONDITIONAL BANK CHARTER APPROVAL

Summary from the TLDR Fintech newsletter

The OCC's decision could allow the company to issue stablecoins and bring services currently handled by BitGo in-house, though it must first meet additional requirements such as raising capital. The decision has intensified conflict-of-interest concerns because an entity affiliated with Donald Trump and his relatives owns 38% of the business, prompting Democratic lawmakers to propose restrictions on senior officials owning or controlling banks.