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Trump family crypto business World Liberty gets preliminary approval to establish a bank

A trust company affiliated with the Trump family’s crypto business, World Liberty Financial, has received conditional approval to establish a bank. The Treasury Department’s Office of the Comptroller of the Currency (OCC) on Friday granted preliminary approval to World Liberty Trust Company to establish a bank charter, a move that would allow it to issue…

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Nevada energy company sues data center in first-of-its-kind fight over who should pay for AI buildout

The largest energy provider in Nevada, NV Energy, is suing data center developer Tract Capital Management, accusing the company of trying to pass costs onto consumers.  At issue is who pays to expand energy infrastructure when a data center needs as much electricity as a midsize city.  Tract’s two planned campuses near Reno would together…

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