World Liberty secured an OCC license to issue stablecoins and settle transactions. The venture, backed by the US president's family, has similar flaws cited in regulatory rejections of peers such as Wise and Bunq. At a minimum, the optics undermine a solid policy initiative.
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Reinforcing priors since at least 1996. @Breakingviews ex @ft @nytimes @cbsnews @bloomberg @fortunemagazine @time. On Signal. DM for contact info.