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Why Trump’s Crypto Business Wants to Become a Bank – Mother Jones

Why Trump’s Crypto Business Wants to Become a Bank – Mother Jones

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Matthew Maxey/Icon Sportswire via AP

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In a move that Sen. Elizabeth Warren has decried as a “clear conflict of interest and corruption,” one of the Trump Family’s most lucrative businesses is on its way to becoming a bank. And it’s set to be regulated by a government entity whose leader was appointed by, you guessed it…Donald Trump.

In August, the Office of the Comptroller of the Currency—one of three major bank regulators in the United States—declared that Donald Trump’s controversial crypto company, World Liberty Financial, could begin the process of establishing itself as a…

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