Regulatory Scrutiny Intensifies on Crypto Banking
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House Democrats have escalated pressure on Treasury Secretary Scott Bessent regarding World Liberty Financial's pursuit of a national trust bank charter, citing concerns over systemic risk. This development highlights growing regulatory attention on crypto-native financial institutions seeking traditional banking licenses, which could reshape the competitive landscape for digital asset custody and services.
The move signals increased political oversight of crypto banking infrastructure, potentially slowing expansion plans for firms like World Liberty. However, successful navigation of this scrutiny could establish stronger regulatory frameworks, enhancing institutional confidence in crypto banking partnerships long-term.
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