World Liberty Financial nears OCC trust bank charter as lawmakers weigh ethics and conflict concerns

Trump-linked crypto firm World Liberty Financial is nearing approval for a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC), multiple outlets report. The expected approval would allow the company to expand custody and settlement services for its USD1 stablecoin, according to coverage describing how federal authorization could broaden its role in U.S. digital-asset rails ^{[1] [2]}.

The developments are drawing continued scrutiny from lawmakers, with reporting citing ethics and potential conflict concerns tied to Trump family involvement. One account says former OCC officials told NOTUS that approval is widely expected despite the ongoing examination, while other coverage similarly frames the move as approaching OCC trust bank licensing ^{[3] [4]}.

World Liberty Financial’s application for an OCC trust bank charter is reported to be close to approval, with outlets also highlighting political and ethics-related scrutiny surrounding the firm’s ties to the Trump family ^{[1] [4]}.