WLFI Token Drops 7% After OCC Grants Conditional Bank Charter Approval

OCC conditionally approves Trump-backed WLFI for national trust bank charter. Token spiked 5.5% then retreated to $0.056, capping at $1.8B market cap.

Woofun AI reports that the Office of the Comptroller of the Currency granted conditional approval to World Liberty Financial to establish a national trust bank. The token price initially rose 5.5% to $0.06 before falling back to $0.056, leaving it up 2.5% with a $1.8 billion market capitalization.

The license permits direct issuance and holding of USD-denominated stablecoins, contingent on meeting a $20 million capital requirement. The OCC has previously approved similar applications from Ripple and Circle Internet Group.