Democrats have called World Liberty Financial Trust Company a stark example of corruption but officials claim there is no insider dealing Two fundamentals underpin the business model of a new crypto bank partly owned by the Trump family. The first is that there is almost no risk it can lose money, according to cryptocurrency experts – and the second, they say, is that the sole logical motivation for depositors to put in their funds is the prospect of a financial connection to a US president and his relatives. World Liberty Financial 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. World Liberty is not really a bank, in the conventional sense: it won’t be lending money to businesses or individuals, issuing mortgage or credit cards, or getting federal insurance on deposits. What it will be able to do is directly issue the Trumps’ dollar-pegged stablecoin, USD1. Stablecoins, unlike other cryptocurrencies, are pegged at fixed values such as $1,
Aug 20, 2026 → Aug 25, 2026
The U.S. Securities and Exchange Commission could not find records of an investigation into AI Financial Corporation, formerly Alt5 Sigma, over the previous year, according to a Freedom of Information Act response obtained by POGO…
Read original at Gizmodo →3 updates from 2 sources over 5 days.
The U.S. Securities and Exchange Commission could not find records of an investigation into AI Financial Corporation, formerly Alt5 Sigma, over the previous year, according to a Freedom of Information Act response…
Read original at Gizmodo →By now we know that charity, generosity and compassion are virtues that the US president doesn’t seem to have even in trace amounts Many years ago, in the crowded corridor of a Manhattan hotel, I was surprised to find…
Read original at The Guardian →Democrats have called World Liberty Financial Trust Company a stark example of corruption but officials claim there is no insider dealing Two fundamentals underpin the business model of a new crypto bank partly owned by…
Read original at The Guardian →What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.
The U.S. Securities and Exchange Commission could not find records of an investigation into AI Financial Corporation, formerly Alt5 Sigma, over the previous year, according to a Freedom of Information Act response obtained by POGO…
View source →By now we know that charity, generosity and compassion are virtues that the US president doesn’t seem to have even in trace amounts Many years ago, in the crowded corridor of a Manhattan hotel, I was surprised to find myself standing…
View source →Democrats have called World Liberty Financial Trust Company a stark example of corruption but officials claim there is no insider dealing Two fundamentals underpin the business model of a new crypto bank partly owned by the Trump family.…
View source →Tier key: T0 = Primary source · T1 = Wire · T2 = Outlet report · T3 = Commentary
Voters in Quebec elected the separatist Parti Québécois for the first time in more than a decade, setting the stage for more strained relations with Prime Minister Mark Carney’s…
Elon Musk accused unnamed rivals of blocking SpaceX’s Starlink satellite broadband network in India, an apparent swipe at billionaires Mukesh Ambani and Sunil Bharti Mittal.
Omar, an outspoken Trump critic, said the search was "an attempt to target political enemies" and she "will not be silenced".
If you think this shot is amusing, check out the panicked look on Zuckerberg’s face when Trump calls on him to speak. | Photo: Kevin Dietsch/Getty Images After hosting a meal with…
If Elon Musk and SpaceXAI were going to back any Linux distro, it seems obvious they'd back Omarchy. Today it was announced that SpaceXAI would be joining the Omacom Foundation,…
The most revealing thing about the summit in Washington may be what the two leaders did not say - and what we still don't know.
