World Liberty Financial’s bid for a bank charter raises new questions about Trump’s crypto conflicts
Leo here, back from paternity leave and ready to write about my favorite subject: the First Family’s forays into blockchain. After endless complaints of persecution under the Biden administration, the crypto industry found a steadfast ally in President Trump, in no small part thanks to its hefty warchest of campaign donations. But the Trump family realized that the sector’s riches extended beyond paltry Super PAC contributions. The Trumps launched their own crypto projects, from memecoins to mining operations to a nebulous platform called World Liberty Financial that promises to pave the future of finance through products like its stablecoin USD1.
While crypto proponents would contend that the rise of stablecoins, tokenization,…
