Trump-backed World Liberty Financial nears OCC trust charter to issue USD1 directly
notus.org •
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Promote with Leviathan NewsWorld Liberty Financial is expected to win an OCC national trust bank charter after applying on Jan. 5, with two former OCC staffers telling NOTUS approval is effectively locked in. The charter would let the Trump family-linked stablecoin and trading platform issue USD1 directly in the U.S., settle payments on its own rails, preempt state rules, and operate under one federal regulator instead of relying on BitGo. That is the fight: a crypto-friendly OCC may hand federal banking privileges to a sitting president’s private crypto venture while Democrats and ethics advocates argue the conflicts are impossible to ignore.
TLDR by @Benthic
More coverage
- Block the OCC Charter for Trump's World Liberty Financial - Resistbot (resist.bot)
- Trump-linked crypto company applies for federal banking charter (politico.com)
- Trump-Backed World LibertyFi Close To Federal Trust Charter ... (x.com)
- Trump Family-Backed World Liberty Financial Expects OCC ... (binance.com)
- NCRC's Comment On World Liberty Trust Company National Trust ... (ncrc.org)
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