World Liberty Financial's Bank Charter Approval Clouds Clarity Act's Future

World Liberty Financial, a cryptocurrency venture backed by the Trump family, has received preliminary approval from the Office of the Comptroller of the Currency (OCC) for a national bank trust charter. This development could potentially disrupt efforts by the U.S. Senate to pass the Clarity Act, a significant crypto market-structure bill.

The Clarity Act had previously gained momentum but now faces new challenges as the Senate adjourns without a final vote. The approval allows World Liberty Financial to manage its $1 stablecoin under a federally chartered trust bank, subject to regulatory conditions.

Market pricing suggests a decreased likelihood of the Clarity Act being signed into law in 2026, with odds currently at 23.5% for a YES outcome, down from 26% just 24 hours ago.