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Crypto

OCC Gives Conditional Approval to Trump-Linked Crypto Venture's National Trust Bank

Guavy AI Editorial Team
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The Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval to World Liberty Financial, a crypto venture partly owned by Donald Trump's family, to establish a national trust bank.

This bank will focus on issuing and managing the USD1 stablecoin and providing digital asset custody services.

The approval is a significant step but the bank must meet further requirements before it can begin operations.

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