BitcoinNews on Nostr: TRUMP-LINKED WORLD LIBERTY GETS CONDITIONAL APPROVAL FOR U.S. BANK CHARTER U.S. ...
TRUMP-LINKED WORLD LIBERTY GETS CONDITIONAL APPROVAL FOR U.S. BANK CHARTER
U.S. regulators have conditionally approved a national trust bank charter for World Liberty Trust Co., tied to Trump-backed World Liberty Financial.
The charter would allow the company to directly issue and redeem its USD1 stablecoin, manage its reserves and offer digital asset custody services without relying on intermediaries.
Entities affiliated with Trump and his family reportedly own roughly 38% of World Liberty Financial’s holding company.
The approval has drawn criticism from lawmakers over potential conflicts of interest, though World Liberty says Trump is not involved in managing the company.
The charter remains conditional, with additional requirements that must be met before final approval.
Published at
2026-08-17 04:14:23 UTCEvent JSON
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"content": "TRUMP-LINKED WORLD LIBERTY GETS CONDITIONAL APPROVAL FOR U.S. BANK CHARTER\n\nU.S. regulators have conditionally approved a national trust bank charter for World Liberty Trust Co., tied to Trump-backed World Liberty Financial.\n\nThe charter would allow the company to directly issue and redeem its USD1 stablecoin, manage its reserves and offer digital asset custody services without relying on intermediaries.\n\nEntities affiliated with Trump and his family reportedly own roughly 38% of World Liberty Financial’s holding company.\n\nThe approval has drawn criticism from lawmakers over potential conflicts of interest, though World Liberty says Trump is not involved in managing the company.\n\nThe charter remains conditional, with additional requirements that must be met before final approval.\n\nhttps://image.nostr.build/c789ef99d13251d569f5fdd3b950b9451ab24bf560c2415ef3e19f726cfb850d.jpg",
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