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OCC Gives Preliminary OK for World Liberty Trust as National Trust Bank

Guavy AI Editorial Team
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The Office of the Comptroller of the Currency (OCC) has granted World Liberty Trust Company preliminary conditional approval to become a national trust bank. This allows them to issue and manage their USD1 stablecoin under federal regulation.

This is a significant step for World Liberty Trust, which currently has its stablecoin managed by a private custodian. The company is linked to the Trump family, who own 38% of it.

The approval comes amid Senate debates over the CLARITY Act, which aims to regulate crypto profits involving public officials and their families.

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