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Trump-Backed Crypto Venture Wins Conditional Approval for National Trust Bank

Guavy AI Editorial Team
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World Liberty Financial, a cryptocurrency venture backed by President Donald Trump and his family, has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank.

The proposed bank would have a narrower remit than a conventional commercial bank, focusing on trust and custody services and stablecoin-related activities rather than accepting deposits or making loans.

World Liberty will still need to meet conditions set by the OCC and pass a final examination before the bank can begin operating.

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