OCC Grants Conditional Approval to Trump-Backed World Liberty’s National Trust Bank Charter
The Office of the Comptroller of the Currency (OCC) has granted World Liberty Financial (WLFI) preliminary conditional approval of its bank charter application. The crypto firm now joins a host of other crypto firms that have received a similar approval from the banking regulator as they look to iss
The Office of the Comptroller of the Currency (OCC) has granted World Liberty Financial (WLFI) preliminary conditional approval for a national trust bank charter, marking a significant regulatory milestone for the Trump-backed crypto firm. The approval positions WLFI among a growing cohort of digital asset companies that have recently cleared similar hurdles with the federal banking regulator.
World Liberty Financial, which counts former President Donald Trump among its prominent backers, has been actively pursuing a foothold in the regulated financial sector. The national trust bank charter is widely seen as a prerequisite for firms seeking to issue their own stablecoin under a compliant, federally recognized framework. The OCC's conditional approval does not represent full authorization but signals that the agency has found the application sufficiently credible to advance to the next stage of review.
WLFI's approval comes at a time when several crypto firms are simultaneously pursuing banking charters as the stablecoin legislative landscape in the United States continues to evolve. With Congress actively debating stablecoin regulation, obtaining a federal charter could provide companies like WLFI with a competitive advantage in issuing dollar-pegged digital assets under direct regulatory oversight.
Observers will be watching whether WLFI meets the remaining conditions required to convert its preliminary approval into a full charter, as well as how the firm's stablecoin ambitions progress alongside the broader regulatory framework taking shape in Washington.
Source: CoinGape
