OCC Grants Conditional Bank Charter to Trump-Linked Crypto Firm
The Office of the Comptroller of the Currency (OCC) has conditionally approved a national trust bank charter for World Liberty Trust Co., a venture linked to President Donald Trump’s family. This decision allows the company to manage its USD1 stablecoin under federal supervision, potentially replacing third-party providers like BitGo. While the administration views this as a step toward institutional credibility, Democrats have condemned it as a historic conflict of interest, noting that the president retains a 38% financial stake in the parent company.
