How Trump-backed World Liberty Financial just joined crypto’s ‘regulated rails land-grab’ – DL News
- Trump-backed World Liberty Financial is the latest crypto project to apply for a banking licence.
- A number of top crypto companies already have conditional approval.
- Traditional lenders have expressed concerns over crypto companies getting the licence.
The Trump family’s World Liberty Financial is strong-arming its way into the traditional financial system after it became the latest crypto firm to apply for a banking licence this week.
By doing so, the Trump organisation is positioning itself against traditional lenders who warn that these applications raise “significant policy and legal questions.”
“What we’re seeing is a ‘regulated rails’ land-grab,” Kevin Lehtiniitty, CEO of stablecoin payments network Borderless.xyz,…
