OCC approves Trump Family Crypto Company for Trust Charter
The approval lets the company operate as World Liberty Trust Company and pursue stablecoin issuance and digital asset custody, regulators said.
- On Friday, the US Office of the Comptroller of the Currency granted conditional approval to World Liberty Financial for a national trust bank charter, allowing it to operate as World Liberty Trust Company, National Association.
- The approval follows scrutiny regarding potential conflicts of interest involving President Donald Trump and his family, who control 38% of equity interests, while an Abu Dhabi investment firm backed by Sheikh Tahnoon purchased a 49% stake for $500 million.
- Defending the decision as an "apolitical and nonpartisan process," OCC Comptroller Jonathan Gould noted the agency previously approved charter applications from Circle, Ripple Labs, and Coinbase following the GENIUS stablecoin bill.
- In response, Senator Elizabeth Warren and nine other Democrats introduced the Ending Presidential Corruption in Banking Act on Friday, with Warren calling the move "the most brazen act of self-dealing our financial system has ever seen."
- Lawmakers continue calling for investigations into World Liberty's foreign ties, citing concerns that the UAE-backed MGX used the company's USD1 stablecoin to invest $2 billion in Binance despite ongoing scrutiny.
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14 Articles
Welcome To Trump Bank, The First Family's Latest Crooked Crypto Venture
Yes, the crypto scammer wing of the Trump family business, World Liberty Financial, now has a federally chartered bank thanks to a morally flexible President Donald Trump appointee, Comptroller of the Currency Jonathan Gould. What could possibly go wrong?You know, we knew this was coming for a while now, as World Liberty’s application had been kicking around for months. They’re not applying to run a traditional bank, so you won’t be able to get …
OCC Grants Conditional Approval for World Liberty Trust Bank Focused on Stablecoin Operations
The OCC issued preliminary conditional approval on August 14, 2026, for World Liberty Trust Company, National Association, to charter as a national trust bank handling USD1 stablecoin issuance, redemption, and digital asset custody services. The post OCC Grants Conditional Approval for World Liberty Trust Bank Focused on Stablecoin Operations appeared first on The Daily Hodl.
Ossoff: 'We're in Banana Republic Territory' with Trump Family Corruption
Monday on MS NOW’s “The Briefing,” Sen. Jon Ossoff (D-GA) said we are in “banana republic territory” with the national bank regulator’s preliminary approval for the Trump family’s crypto venture, World Liberty Financial, to secure a bank charter. Host Jen Psaki said, “So The post Ossoff: ‘We’re in Banana Republic Territory’ with Trump Family Corruption appeared first on Breitbart.
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Cryptocurrency News | Cryptocurrency Prices | Market CapWorld Liberty wins conditional approval for US trust bank
World Liberty Financial has received preliminary OCC approval to establish a national trust bank that would issue USD1, manage its reserves, and provide digital asset custody across the United States. World Liberty bank cannot open until conditions are met The…
OCC approves Trump Family Crypto Company for Trust Charter
The OCC noted concerns about potential conflicts of interest involving the Trump family in World Liberty’s application, but said staff “acted consistently with their statutory duties and ethical obligations.“
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