World Liberty Financial, a crypto project backed by the Trump family, is expected to receive approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a national trust bank. According to Odaily, two former OCC employees who requested anonymity said the application is almost certain to be approved.
World Liberty Financial formed a U.S. trust company in January and submitted its application to the OCC. A federal trust bank charter would allow the project to issue and redeem its USD1 stablecoin under a single federal regulator, manage reserves, provide digital asset custody, and offer conversion and settlement services without relying on third-party intermediaries.
The project currently uses BitGo as its intermediary.
Trump Family-Backed World Liberty Financial Expects OCC Approval to Operate as National Trust Bank
2026-06-17 03:04:05
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Globe Telecom Says GCash Owner Wins Approval for Potential IPONext article：
CryptoQuant创始人：纯叙事山寨币已死
