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World Liberty National Trust Charter

World Liberty National Trust Charter

unresolved
Promised
World Liberty Trust Company applied to the OCC for a national trust bank charter to issue and administer stablecoins and related fiduciary services.Open cited record · 1 source
The record
The OCC conditionally approved the charter subject to capital, governance, compliance, and preopening requirements.Open cited record · 1 sourceThe conditional charter approval benefited World Liberty's proposed trust-bank affiliate and its owners.Open cited record · 1 source
Who gained
  • World Liberty Trust Company
Who paid
  • Stablecoin users and trust customers
Audit finding
unresolved

The approval gave a Trump-family-linked crypto enterprise a conditional federal banking charter during Trump's presidency; the OCC stated that the application met applicable standards, and the record does not establish preferential treatment.

Causal strength: temporal association

Evidence chronology

  1. promisedocumented

    World Liberty Trust Company applied to the OCC for a national trust bank charter to issue and administer stablecoins and related fiduciary services.

    Open underlying ledger entry
  2. actiondocumented

    The OCC conditionally approved the charter subject to capital, governance, compliance, and preopening requirements.

    Open underlying ledger entry
  3. outcomereported

    The conditional charter approval benefited World Liberty's proposed trust-bank affiliate and its owners.

    Open underlying ledger entry
  4. counterevidencedocumented

    The OCC said its review applied the same standards used for other applicants and imposed conditions before the bank could open; critics' conflict allegations were not agency findings.

    Open underlying ledger entry

Responses, legal status, contrary evidence, and limitations

  • counterevidence

    The OCC said its review applied the same standards used for other applicants and imposed conditions before the bank could open; critics' conflict allegations were not agency findings.