US EditionTrump-Linked World Liberty Financial Seeks License to ...
World Liberty Financial seeks federal oversight for its USD1 stablecoin, valued at over $3.3 billion in circulation, aiming to serve institutional clients with custody and conversion services.
- Wednesday's filing shows World Liberty Financial applied to the OCC for a trust bank charter to issue and custody USD1, with the trust serving institutional clients and needing OCC approval.
- To centralize issuance and custody, the filing says World Liberty Financial is moving to bring USD1 under federal banking oversight via a national trust charter structured to comply with the GENIUS Act and anti-money-laundering laws.
- Market data show USD1 has grown to more than $3.8 billion in circulation, with WLFI trading at $0.1709, down 0.70% in the last 24 hours.
- The application must win OCC approval and faces regulatory scrutiny, with analysts warning that political ties could delay crypto legislation, as the final sign-off remains pending.
- President Trump-backed WLFI's filing also matters because President Donald Trump , Eric Trump, Donald Trump Jr., and Barron Trump serve as co-founders, BitGo remains a strategic custodian partner, and the filing could influence stablecoin regulation if the OCC approves.
48 Articles
48 Articles
Washington DC, United States.- World Liberty Financial, the cryptocurrencies project co-founded by President Donald Trump, is applying for a bank license in the United States for one of its entities, allowing it to expand the operations of its USD1 stablecoin. WLTC Holdings LLC filed a novo request with the Office of the Currency Controller (OCC) to establish World Liberty Trust, a proposed national trust bank specifically designed for stablecoi…
Trump-tied World Liberty Financial seeks bank charter to issue USD1 stablecoins: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin falls to the $90,000 level. Plus, World Liberty Financial announced that a subsidiary filed an application to the Office of the Comptroller of the Currency for a national trust bank charter to issue and custody USD1 stablecoins. And, Andrew Fierman, head of national security intelligence at Chainalysis, breaks down the findings of the blockchain analytics firm's Crypto Crime Report, which reveals …
Trump family crypto company applies for banking charter
World Liberty Financial (WLF), a cryptocurrency company founded and run by President Trump's family, announced Wednesday it applied to become a national trust bank. In a Wednesday press release, WLF announced it had applied to the Office of the Comptroller of the Currency (OCC) for a federal banking charter. The company joins a string of...
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