Claim: The bank owned by Donald Trump's crypto firm will not have to follow FDIC rules.
Verdict: Incorrect (85% confidence)
Explanation: The claim that the bank owned by Donald Trump's crypto firm will not have to follow FDIC rules is partially true. While the bank will be subject to regulatory oversight as a trust bank, it will not have FDIC deposit insurance, which is a significant aspect of FDIC rules. Sources confirm that World Liberty Trust Company will not have FDIC deposit insurance ([14], [16], [17]). However, the bank will still need to comply with other regulatory requirements set by the Office of the Comptroller of the...