OCC conditionally approves the trust charter for WorldLiberty, a cryptocurrency company associated with the Trump family

The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval to World Liberty Financial, a cryptocurrency company associated with the Trump family, for its application to establish a national trust bank charter. If this approval is finalized, the company will be able to operate under the name "World Liberty Trust Company, National Association" and provide digital asset custody services, including the issuance of a dollar-pegged stablecoin and its own USD1 token. This approval is surrounded by significant conflict-of-interest concerns. President Trump and his three sons are directly associated with World Liberty, and the OCC's Director, Jonathan Gould, was directly appointed by Trump in 2025. It has also been revealed that a corporation related to the Trump family holds a 38% stake in World Liberty