All posts tagged "World Liberty Financial"

The Trump family's pathway to opening a bank through its cryptocurrency investments is sending shockwaves, according to reporting by the Wall Street Journal.

A trust company for World Liberty Financial, the Trump family's flagship crypto venture, has preliminary conditional approval to become a bank, The Journal reported. The Office of the Comptroller of the Currency, a Treasury bureau, gave the early preliminary approval on Friday.

Sen. Elizabeth Warren (D-MA) wrote in a statement that "we have never seen financial conflicts or corruption of this magnitude." President Donald Trump and his two sons launched World Liberty in late 2024 but have not yet made available promised borrowing, lending, and trading services, according to The Journal....

President Donald Trump is hosting a dinner at his private gold club near Washington, D.C., Thursday night for the top holders of his $TRUMP meme coin, but a report in The Guardian says nearly half of his "winners" have lost millions on the cryptocurrency.

According to last month's announcement, the top 220 holders in a $TRUMP meme coin competition would win a ticket to a gala at the Trump National golf club. The top 25 holders would also get the chance to meet the president at a “Private VIP Reception” before the dinner, and the very top four would win a limited edition Trump Tourbillon watch that sells for $100,000.

The Guardian reported that the announcement "caused the coin to spike more than 50%."...