A regulator has given conditional approval for a bank charter application tied to World Liberty Financial, the cryptocurrency firm associated with the Trump family.
The Office of the Comptroller of the Currency announced the move on Friday afternoon, which Democrats will argue raises conflict-of-interest concerns. Final approval of the bank charter will not be granted until all pre-opening requirements are met, according to a letter from the OCC.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.