Trump Family-Backed World Liberty Financial Expects OCC Approval to Operate as National Trust Bank

World Liberty Financial, a crypto project backed by the Trump family, is expected to receive approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a national trust bank. According to Odaily, two former OCC employees who requested anonymity said the application is almost certain to be approved. World Liberty Financial formed a U.S. trust company in January and submitted its application to the OCC. A federal trust bank charter would allow the project to issue and redeem its USD1 stablecoin under a single federal regulator, manage reserves, provide digital asset custody, and offer conversion and settlement services without relying on third-party intermediaries. The project currently uses BitGo as its intermediary.