Crypto bank part-owned by Trump family offers depositors way to ‘gain favor’ with White House, experts say (www.theguardian.com)

submitted 9 hours ago by MicroWave@lemmy.world to c/politics@lemmy.world

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Democrats have called World Liberty Trust Company a stark example of corruption but officials claim there is no insider dealing

Two fundamentals underscore 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.

The first distinctive feature of this bank – and stablecoin operations like it – is that there is almost no risk that it can lose money. The second is the sole logical motivation for depositors to put their money into it, according to five experts: the financial connection to the president and his family.

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[-] CharlesDarwin@lemmy.world 1 points 6 hours ago

Is this another step for donnie and his spawn to become the wealthiest family in the world?

Imagine making money from every dollar printed. Just because your name is Trump.

https://www.unftr.com/trump-stablecoin

https://www.youtube.com/watch?v=i4fG6o2VLfA

this post was submitted on 20 Aug 2026

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