👊 World Liberty Receives Conditional Approval for Banking License
The Office of the Comptroller of the Currency (OCC) has granted conditional approval to World Liberty Trust Co. for a national trust bank charter. Notably, 38% of the company is held by an entity connected to Donald Trump and his family.
With this license, World Liberty gains the ability to issue its own stablecoins—freeing it from reliance on BitGo. However, the company must still secure the necessary capital before the approval becomes fully effective.
Senator Elizabeth Warren, a vocal opponent of the application, criticized the decision as “the most brazen act of self-dealing in the history of U.S. financial regulation.” She has since announced plans to introduce legislation aimed at restricting bank ownership by sitting presidents and senior government officials.
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1August 17, 2026 15.2K 1
