US regulator approves bank charter for Trump-backed crypto company World Liberty Financial
Reporting cited here
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OCC Corporate Decision 1385 granted preliminary conditional approval for World Liberty Trust Company, National Association; Reuters reported the charter would let the company issue its branded stablecoin and manage reserves, while final opening remained subject to capital, governance, and other pre-opening conditions.
Conditional charter approval, permitted stablecoin functions, and outstanding pre-opening conditionsOCC conditionally approved World Liberty's national trust charter · Preliminary conditional approval; pre-opening conditions remain
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The approval handed a Trump-family-linked crypto enterprise a conditional federal banking charter during Trump's presidency. The OCC said the application met applicable standards, and preferential treatment is not established.
Approval, company ties, and objectionsWorld Liberty National Trust Charter: Audit finding · Cited analysis
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The conditional charter approval benefited World Liberty's proposed trust-bank affiliate and its owners.
Approval, company ties, and objections