Image: Donald Trump Jr and Eric Trump ring the opening bell at the Nasdaq MarketSite in New York City on 13 August 2025. Photograph: Bloomberg/Getty Images

Aram Roston of The Guardian reports: “Two fundamentals underpin the business model of a new crypto bank partly owned by the Trump family, cryptocurrency experts tell the Guardian.

World Liberty Trust Company received conditional approval this month from the US office of the comptroller of the currency (OCC) to start a bank. An entity affiliated with Donald Trump and his family members owns about 38% of the company. The agency is led by a political appointee of the US president.

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