Dorey alleges Trump and Witkoff families are opening Florida trust bank for stablecoin

Julian Dorey reads a social-media post and then excerpts he describes as charter language for a new Florida-based “national trust bank”, arguing it is designed to issue and manage reserves for a dollar-pegged crypto asset, USD1. He characterises the move as poor ethics and optics for a sitting president and an unelected envoy, and suggests it creates money-laundering and conflict-of-interest risks, while framing parts as speculation.