In brief
- A total of 41 House Democrats urged Scott Bessent to scrutinize a bank charter application from the Trump family’s crypto firm.
- The lawmakers warned such an approval could pose national security and foreign influence risks.
- They cited recent reports that World Liberty Financial sold a major stake to a UAE royal.
Forty-one House Democrats are pressing U.S. Treasury Secretary Scott Bessent on the potential approval of a banking charter for the Trump family’s crypto company, warning such an approval could threaten the legitimacy of the American banking system and its independence from foreign actors.
In a letter sent to Bessent Thursday, the lawmakers referenced recent reports that the Trump family’s crypto company, World…
