The Trump family’s crypto-banking footprint has inched forward again.
Today, the Wall Street Journal reported that an entity controlled by UAE national security adviser Tahnoun (aka the “spy emir”) and his co-investors has acquired 49% of the shares in the proposed crypto bank holding company of the Trump family, while Trump-related entities hold 38%.
This bank only this month received the U.S. Office of the Comptroller of the Currency’s preliminary conditional approval. Its goal is to obtain a federal charter license, directly issue and custody its own U.S. dollar stablecoin. The Trump family’s crypto business is moving from the project level into the regulated banking system.
Criticism has not stopped. Democrats and ethics experts have repeatedly flagged conflicts of interest. Warren urged regulators to delay approval, and the White House’s line has consistently been that there is no conflict of interest.
The real issue isn’t how much stock anyone holds, but that stablecoin infrastructure is being pushed into the market together by political families and sovereign capital. Talk of decentralization on one side, while using charters, banks, and Treasury yields to the fullest on the other—that script is certainly realistic.#特朗普 #稳定币 #WLF #BTC
Today, the Wall Street Journal reported that an entity controlled by UAE national security adviser Tahnoun (aka the “spy emir”) and his co-investors has acquired 49% of the shares in the proposed crypto bank holding company of the Trump family, while Trump-related entities hold 38%.
This bank only this month received the U.S. Office of the Comptroller of the Currency’s preliminary conditional approval. Its goal is to obtain a federal charter license, directly issue and custody its own U.S. dollar stablecoin. The Trump family’s crypto business is moving from the project level into the regulated banking system.
Criticism has not stopped. Democrats and ethics experts have repeatedly flagged conflicts of interest. Warren urged regulators to delay approval, and the White House’s line has consistently been that there is no conflict of interest.
The real issue isn’t how much stock anyone holds, but that stablecoin infrastructure is being pushed into the market together by political families and sovereign capital. Talk of decentralization on one side, while using charters, banks, and Treasury yields to the fullest on the other—that script is certainly realistic.#特朗普 #稳定币 #WLF #BTC
