Bitcoin News
By Jean-Luc Maracon
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The Genius Act Behind It All. This license does not arrive in a regulatory vacuum.
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Trump, Cryptos, and the Growing Conflict of Interest. The timing is politically charged. Donald Trump recently claimed to have generated more than $1.
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World Liberty Financial has obtained its license. The Office of the Comptroller of the Currency gave the green light on Friday to the company founded by Donald Trump's sons to…
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Not a full license, mind you. World Liberty Financial cannot grant loans. It also cannot accept direct deposits. These two privileges remain reserved for fully licensed banks.
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Stablecoins, for those who follow from a distance, are digital assets whose value is indexed to a traditional currency, usually the dollar.
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This license does not arrive in a regulatory vacuum. Under the Trump presidency, the "Genius Act" was adopted to frame and institutionalize stablecoins in the United States.
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The White House has made no official comment on this license. No statement, no press release. Complete silence.
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And it's not just stablecoins in the mix. Revenues related to memecoins have also fueled the debate.
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See also: Trumps World Liberty Financial Gets OCC Nod, But Capital Hurdles Remain
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Related Reading: World Liberty Financial de Trump reçoit l'approbation de l'OCC, mais des obstacles financiers subsistent
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It's not yet clear how far this legislative pressure will go. But it is rising, that's certain.
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World Liberty Financial, meanwhile, continues. The company is positioning itself in the stablecoin segment with this partial license in hand, giving it a credibility that few…
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The stablecoin market attracts investors seeking exposure to digital assets without experiencing the brutal volatility of Bitcoin or other cryptos.
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However, the political questions will not disappear. The $1.16 billion declared by Trump, the memecoins, and now a license granted to a family business in a sector that his…
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See also: Global Crypto Rules Are Set — Now They Need to Actually Talk to Each Other
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