Trump Family Crypto Venture Earns Conditional Bank Charter to Issue USD1 Stablecoins
The Office of the Comptroller of the Currency conditionally approved World Liberty Financial, the Trump family’s crypto venture, for a national trust bank charter that would let it issue its USD1 stablecoin and act as a fiduciary for digital assets for institutional clients; final approval hinges on meeting capital and liquidity requirements, governance disclosures, and appointing an internal auditor, with the charter not equipping WLF with a full suite of traditional banking services overseen by the Fed.