NEWS 🚨 Trump's crypto firm is expected to receive a federal banking charter from the OCC, which would let Trump issue his own stablecoin directly to the American public and take a cut of every transaction processed through the platform, like a private Venmo, backed by federal authority.
"For the first time in history, a president is leaning on a bank regulator to give his private enterprise the implicit backing of the federal government," said one consumer protection expert.