Trump family crypto company receives approval for conditional banking charter

A crypto firm partially owned by President Trump’s family received preliminary conditional approval for a bank charter on Friday.  The Office of the Comptroller of the Currency (OCC) granted conditional approval for an application from World Liberty Trust Co. for a national trust bank, according to a letter posted on t

The decision would give new powers and federal credibility to a venture in which the president and his family retain a substantial financial interest.

A regulator has given conditional approval for a bank charter application tied to World Liberty Financial, the cryptocurrency firm associated with the Trump family. The Office of the Comptroller of the Currency announced the move on Friday afternoon, which Democrats will argue raises conflict-of-interest concerns. Fina

The OCC conditionally approved World Liberty Trust Company’s national trust bank charter. That would allow the Trump family-backed firm to issue stablecoins.

Treasury Department Grants Banking Charter To Witkoff, Trump Family-Owned Crypto Firm

US regulator approves bank charter for Trump-backed crypto company World Liberty Financial  Reuters

Aug 14 : A national U.S. bank regulator on Friday conditionally approved a bank charter application linked to President Donald Trump and his family’s crypto venture, World Liberty Financial, effectively greenlighting an expansion of its stablecoin operations.The Office of the Comptroller of the Currency said in a lette

Charter Gets Final State Approval for $21.9 Billion Cox Deal  WSJ