TREE NEWS reports: OCC granted World Liberty Financial preliminary approval to charter a national trust bank for its USD1 stablecoin, with Abu Dhabi’s Sheikh Tahnoon holding 49% and Trump family 38%. The bank aims to custody USD1 reserves directly, capturing interest income, following the Genius Act. This marks a milestone in crypto banking and political ties.
Trump’s Bank: Abu Dhabi Royalty 49%, Trump Family 38%
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