OCC Conditionally Approves Trump-Linked World Liberty Financial Trust License

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The Office of the Comptroller of the Currency (OCC) has conditionally approved a trust charter for World Liberty Financial, a firm affiliated with the Trump family. The company is now authorized to issue USD stablecoins and custody digital assets. The Trump family owns 38% of the firm, with an Emirati investor holding 49%. This development occurs as cryptocurrency regulations gain momentum globally. Ten Democratic senators have supported the "End Presidential Bank Corruption Act" to address concerns regarding the banking application process. The approval also raises questions about its alignment with the upcoming MiCA standards in the EU.

ChainThink reports that on August 18, according to Cointelegraph, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved the trust charter application of World Liberty Financial, affiliated with the Trump family.

The company is authorized to issue USD-stablecoins and custody digital assets. Data shows that the Trump family holds 38% of the company’s shares, while UAE investors hold 49% equity.

Meanwhile, 10 Democratic senators signed the "End Presidential Bank Corruption Act," aimed at preventing corruption in the bank application process.

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