Trump-Linked Crypto Venture Wins Conditional Federal Banking Charter
TL;DR
The Office of the Comptroller of the Currency conditionally approved World Liberty Trust Co.'s bid for a federally chartered trust bank, enabling it to oversee its USD1 stablecoin under federal supervision; final approval requires additional steps. Democrats decry the move as a potential conflict of interest given the president and family’s financial stake in the venture.
Topics:business#banking-charter#business#occ#trump-family-finances#usd1-stablecoin#world-liberty-trust
- Trump-appointed regulator OKs banking license for Trump-linked crypto firm Politico
- Exclusive | Trump Family’s World Liberty Financial Gets Preliminary Approval to Launch a Bank WSJ
- Trump family-backed crypto firm World Liberty gets conditional bank charter approval CNBC
- Crypto Bank Tied to Trumps Wins Preliminary Approval from OCC bloomberg.com
- US regulator approves bank charter for Trump-backed crypto company World Liberty Financial Reuters
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