Trump family’s crypto firm World Liberty Financial to receive approval for a national trust bank license from the Office of the Comptroller of the Currency (OCC). The OCC expects to advance the banking charter for USD1 on and off-ramps despite ethics concerns and political scrutiny.
Trump Family’s World Liberty Financial Nears Securing Bank License from OCC
Trump family-backed crypto project World Liberty Financial is likely to secure the OCC’s approval of a national trust bank license soon, according to a NOTUS report. US Comptroller of the Currency Jonathan Gould is considering announcing his decision on the national bank charter application.
Two anonymous former OCC staffers revealed that the approval is nearly guaranteed, with one source saying that a rejection of the application was “inconceivable.”
World Liberty Financial filed an application for a national trust bank charter with the OCC earlier this year. It followed the OCC’s conditional approval granted to several crypto companies, including Circle, Ripple, and BitGo.
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