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Home BlockchainHouse Dems Raise National Security Alarms Over Trump Familys Crypto Bank Charter Request
Blockchain

House Dems Raise National Security Alarms Over Trump Familys Crypto Bank Charter Request

by Decrypt
written by Decrypt 0 comments
House Dems Raise National Security Alarms Over Trump Family’s Crypto Bank Charter Request

In brief

  • A total of 41 House Democrats urged Scott Bessent to scrutinize a bank charter application from the Trump family’s crypto firm.
  • The lawmakers warned such an approval could pose national security and foreign influence risks.
  • They cited recent reports that World Liberty Financial sold a major stake to a UAE royal.

Forty-one House Democrats are pressing U.S. Treasury Secretary Scott Bessent on the potential approval of a banking charter for the Trump family’s crypto company, warning such an…

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