Trump Family's Crypto Project Seeks Banking License

According to PANews, the Trump family's cryptocurrency initiative, World Liberty Financial, is pursuing a banking license. The new entity, World Liberty Trust Co., submitted its application on January 5. The application documents indicate that the position of Chief Financial Officer is currently "to be determined," but insiders suggest that it will be filled soon. If approved, the license will enable World Liberty Trust Co. to perform certain banking functions, including asset protection, as part of its goal to mainstream its USD stablecoin, USD1.