OCC Grants Conditional Bank Charter to Trump-Affiliated Crypto Firm

The Office of the Comptroller of the Currency (OCC) has given conditional preliminary approval for a bank charter to World Liberty Financial, a crypto company associated with President Donald Trump. This approval allows the new trust bank to expand its stablecoin operations, managing customer assets and facilitating faster payments. However, it is restricted from traditional banking activities like deposit-taking or lending, marking a notable regulatory step for a high-profile crypto venture.