Trump-Backed World Liberty Wins Conditional Bank Charter From OCC
The OCC conditionally approved World Liberty Trust Co.'s national trust bank charter, clearing a path for the Trump-linked crypto firm to issue stablecoins.
The Office of the Comptroller of the Currency has conditionally approved a national trust bank charter for World Liberty Trust Co., the crypto firm backed by the Trump family, clearing a significant regulatory hurdle that would allow the company to issue stablecoins. The conditional approval marks one of the most prominent crypto-linked banking decisions tied to the Trump name since the former and current president returned to office.
The charter approval positions World Liberty Trust Co. to operate as a nationally chartered trust bank, a designation that carries federal legitimacy and could lend credibility to any stablecoin it eventually issues. National trust bank charters are granted by the OCC, the federal agency that supervises all nationally chartered banks and federal savings associations.
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The move lands at a moment when stablecoins — digital tokens typically pegged to the U.S. dollar — have become a central battleground in Washington's broader debate over crypto regulation. A federally chartered entity issuing stablecoins would operate under a distinct and arguably more authoritative framework than many existing crypto firms, potentially reshaping competitive dynamics in the sector.
The intersection of a sitting president's family business interests with a federally regulated financial charter is certain to draw intense scrutiny from ethics watchdogs, lawmakers, and regulators alike. Critics have already raised conflict-of-interest concerns about Trump family involvement in crypto ventures while policy decisions affecting the industry are being made at the highest levels of government.
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