World Liberty Financial Gains Conditional Trust License Approval

OCC conditionally approves World Liberty Financial for national trust bank license to issue USD1 stablecoins, triggering bipartisan legislative pushback.

Woofun AI reports that the Office of the Comptroller of the Currency has conditionally approved World Liberty Financial's application for a national trust bank license. The entity may operate as World Liberty Trust Company, National Association, and intends to issue USD1-backed stablecoins while holding associated digital assets. Trump family entities hold 38% of shares, while an Abu Dhabi firm backed by Sheikh Tahnoon bin Zayed Al Nahyan acquired 49% for $500 million in January 2025. Senator Elizabeth Warren and nine colleagues introduced the "Ending Presidential Bank Corruption Act" to address perceived conflicts of interest.