labels: Crypto business
The Trump family is poised to have its own bank after the US accelerated the approval of bank charters, the fastest in 20 years.
World Liberty Financial, a cryptocurrency business linked to the Trump family, has received preliminary approval to establish a bank, supporting the stablecoin "USD1," amidst the US accelerating the opening of new banks at the fastest rate in 20 years.A poll indicates that 63% believe Trump and his family's profiting from cryptocurrency after his return to the White House is inappropriate.
A poll indicates that 63% of Americans view Trump and his family's profits from cryptocurrency businesses as inappropriate, and 69% believe business interests influence governance.Trump defends family businesses, insisting there are no conflicts of interest despite raking in $580 million in cryptocurrency.
President Trump insists his family's businesses are not illegal, after his 2025 asset report revealed over $580 million in cryptocurrency income. He also stated his children have the right to conduct business, even if it means facing rigorous scrutiny.Decoding the Trump family's crypto business profits: From billion-dollar gains to investor losses.
Reuters estimates the Trump family has made more than $2,300 billion from cryptocurrency since 2567, while many investors have suffered losses from sharply falling asset prices.
