Trump family-owned crypto company receives conditional banking charter approval

The Hill · August 15, 2026Original source ↗

What happened

World Liberty Trust Co., a crypto firm partially owned by President Trump's family, received conditional approval for a national trust bank charter from the Office of the Comptroller of the Currency. The approval was documented in a letter available on the OCC's website.

Why it matters

This approval allows the crypto firm to operate as a national trust bank, which could impact the financial services sector.

How this story affects people

How does this story affect you if you are involved in the financial services sector?

This approval allows World Liberty Trust Co. to operate as a national trust bank, which could change the competitive landscape and regulatory environment for other financial institutions. As a result, companies in this sector may need to adapt their strategies in response to the new competition and regulatory framework.

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