US Regulator Gives Conditional Approval for Trump-Backed Crypto Venture Bank Charter
US Regulator Approves Bank Charter for Trump-Backed Crypto Venture World Liberty Financial
In a move that could have far-reaching implications for the crypto industry, the Office of the Comptroller of the Currency (OCC) has conditionally approved a bank charter application linked to President Donald Trump and his family's crypto venture, World Liberty Financial.
The OCC granted conditional preliminary approval of World Liberty Trust Company's application for a national trust charter, which would allow the company to manage and hold assets on behalf of customers and settle payments faster. The charter does not permit deposit-taking or lending like traditional banks.
World Liberty Financial's USD1 stablecoin has grown quickly since its announcement in March 2025, becoming the fourth largest stablecoin by market capitalization at around $4 billion. Reuters estimated that the Trump family earned about $50 million from the USD1 stablecoin to the end of June 2026.