Trump crypto venture World Liberty applies for bank charter
This story raises questions about governance, accountability, and American values.
The mainstream framing here treats a Trump-linked crypto bank charter as either a scandal-in-waiting or a personality story. That misses the more important question: what does it mean when crypto moves from the shadows into the same regulatory lanes as everyone else? A national trust charter is not a free pass.
New Republican Times Editorial Board
World Liberty Financial, a crypto venture co-founded by President Trump, applied for a national trust charter with the Office of the Comptroller of the Currency. The move comes as several prominent crypto companies have applied for and received conditional approval for trust charters since the beginning of the Trump administration.
Original source:
Read at American BankerHow We See It
New Republican Times Editorial Board
The mainstream framing here treats a Trump-linked crypto bank charter as either a scandal-in-waiting or a personality story. That misses the more important question: what does it mean when crypto moves from the shadows into the same regulatory lanes as everyone else?
A national trust charter is not a free pass. It is a test of rule of law and consistent supervision, and it should be applied evenly, regardless of whose name is attached. If regulators are going to bless crypto firms, the public deserves clear standards, rigorous custody rules, and transparent risk controls, not improvisation.
Conservatives should care less about the novelty and more about public trust and institutional stability. If crypto is to play a real role in American finance, it must prove it can operate under the same accountability that protects depositors and markets. That principle is bigger than any venture.
Commentary written with AI assistance by the New Republican Times Editorial Board.