Trump-Linked World Liberty Financial Gets OCC Green Light
Chronological coverage
First seen15 Aug, 00:30Trump-Linked World Liberty Financial Gets OCC Green Light
World Liberty Financial, the Trump family-linked decentralized finance (DeFi) firm, cleared its first major banking hurdle on Friday after the U.S. Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval for a national trust bank. The Aug. 14 decision gives World Liberty Trust Company, National Association, a route to bring USD1 issuance, […]
Bitcoin.com News•Jamie Redman
Follow-up15 Aug, 06:47World Liberty Financial gets OCC nod for USD1 bank
World Liberty Financial has received preliminary OCC approval to establish a national trust bank that would oversee more than $4 billion in USD1 stablecoin circulation. World Liberty Financial must meet OCC conditions The Office of the Comptroller of the Currency…
Crypto.news•Lawrence Mondal
Follow-up15 Aug, 13:01Trump-Linked World Liberty Gets Conditional Bank Charter for USD1 Stablecoin
The proposed World Liberty Trust Company would take over issuance of the USD1 stablecoin from BitGo.
Decrypt•Decrypt Staff
Latest16 Aug, 09:20Trump-linked World Liberty Financial wins OCC bank approval as $112 million DeFi position sits near liquidation
The Office of the Comptroller of the Currency (OCC) gave World Liberty Financial, a DeFi venture associated with President Donald Trump, preliminary conditional approval to charter a national trust bank built around its roughly $4 billion USD1 stablecoin. World Liberty Trust Company would eventually handle USD1 issuance and reserve custody directly, moving both under federal […]
CryptoSlate•Gino Matos