UAE’s stake in Trump crypto bank, Kraken’s in Hyperliquid US plan

Homepage > News > Finance > UAE’s stake in Trump crypto bank, Kraken’s in Hyperliquid US plan President Donald Trump’s new crypto-focused bank is 49% owned by the same United Arab Emirates sheikh who owns 49% of Trump’s token-issuing platform, but nobody is claiming ownership of a new memecoin that advertised a Trump affiliation. Sheikh’s stake in World Liberty Bank comes as regulators drop ‘reputational’ risk Binance confirms WLF deal, denies preferential treatment of USD1 New $GOLD token pumps, dumps using Trump-linked platforms Hyperliquid, Kraken talking U.S. perpetual futures partnership Kalshi pays for letter from ex-CFTC/SEC execs urging policy to benefit Kalshi SEC pads enforcement stats ahead of fiscal year-end On August 27, the Treasury Department’s Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) issued a joint final rule defining the term ‘unsafe or unsound practice’ as it applies to their supervision of U.S. banks. Specifically, the new rule prioritizes guarding against “material harm to financial condition” while removing ‘reputational risk’ from the criteria. The move follows the two agencies’ 2025 decision...