World Liberty National Trust Charter
- 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