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'Brazen act of self-dealing.' Lawmakers, watchdogs alarmed after Trump regulators let Trump firm start a bank

Crypto & Finance · 2026-08-17T17:46:03.000Z

Regulators appointed by President Donald Trump are allowing the Trump family's flagship cryptocurrency venture to become a bank, a move that is alarming ethics watchdogs and some…

Regulators appointed by President Donald Trump are allowing the Trump family's flagship cryptocurrency venture to become a bank, a move that is alarming ethics watchdogs and some lawmakers. Source: https://www.cnn.com/2026/08/17/investing/trump-crypto-bank-world-liberty