Author: Editor

In a move that Sen. Elizabeth Warren has decried as a “clear conflict of interest and corruption,” one of the Trump family’s most lucrative businesses is on its way to becoming a bank. And it’s set to be regulated by a government entity whose leader was appointed by, you guessed it, President Donald Trump.

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Federal banking regulators have cycled through permitting, restricting, and again permitting crypto activities as presidential administrations have changed since 2017, according to a new Congressional Research Service (CRS) report. It notes that legislation would result in a more durable outcome, reducing the likelihood of frequent regulatory changes, and that Congress may consider whether a more…

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