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Why Trump’s World Liberty Financial crypto company wants a bank charter

Why Trump’s World Liberty Financial crypto company wants a bank charter

In the almost year and a half since returning to the presidency, Donald Trump has found plenty of ways to enrich himself and his family and friends. But one scheme in particular, a cryptocurrency venture called World Liberty Financial, is the gift that just keeps on giving.

Trump, along with his real-estate-buddy-turned-diplomat Steve Witkoff and both his and Witkoff’s sons, launched World Liberty a few months before the 2024 election.

Then, earlier this year, the Wall Street Journal reported that a member of the United Arab Emirates royal family had acquired a 49 percent stake in the company just days before Trump was inaugurated, netting the Trump family at least $187 million.

Now, World Liberty is on the verge of being approved for a…

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