Trump family crypto bank draws scrutiny over UAE investment
U.S. President Donald Trump and his family are central to World Liberty Financial, a firm that won conditional approval from the Office of the Comptroller of the Currency to charter a federal trust bank to issue the USD1 stablecoin. The bank's holding company reportedly includes a 49% stake held by Sheikh Tahnoon bin Zayed al Nahyan and his co-investors, and a 38% stake tied to a Trump-affiliated entity; earlier investments steered about $263 million to Trump family entities. USD1 now has a market value of about $4 billion and its dollar reserves reportedly earn roughly $150 million a year, prompting new scrutiny over conflicts of interest and foreign influence.
A UAE official holds 49% of the crypto bank holding company.
Context
The OCC gave conditional approval for a federally chartered trust bank to issue USD1. The bank's holding company has large stakes held by Sheikh Tahnoon and Trump-linked entities. This may lead to further regulatory review or disclosure…
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