OCC Gives Initial Approval to Trump-Backed Crypto Co.'s Bank Charter
The Office of the Comptroller of the Currency has given World Liberty Financial preliminary approval for a bank charter. This move brings the Trump family-tied cryptocurrency venture closer to launching a US-based digital currency operation.
World Liberty Financial's application was submitted in August, and the OCC issued its initial decision on Friday, August 14, 2026. The OCC did not provide further details on what prompted the approval or any potential conditions that may be attached to it.
The news marks a significant step forward for World Liberty Financial, which has been working towards establishing a digital currency operation in the US for some time. However, experts have expressed concerns about the implications of a Trump-backed cryptocurrency venture on the regulatory landscape and market dynamics.