REGULATION · US
OCC grants conditional bank charter to Trump-linked crypto firm World Liberty Financial
The Office of the Comptroller of the Currency approved a preliminary conditional national banking charter for World Liberty Financial (WLF), a cryptocurrency company affiliated with President Trump. The charter allows WLF to operate as a federally regulated bank.
WHY IT MATTERS
First precedent of OCC chartering a Trump-backed crypto entity in current administration. Sets expectation for more crypto company bank conversions; creates regulatory arbitrage signal that triggers competitive applications from other crypto platforms.
Source: PYMNTS · 2026-08-16