World Liberty Financial (WLFI), a crypto venture supported by the Trump family, is close to getting approval for a national trust bank license from the Office of the Comptroller of the Currency (OCC).
Reports say US Comptroller Jonathan Gould is likely to move the application forward, which could help WLFI’s USD1 stablecoin reach more users and give the project access to regulated banking services.
People familiar with the situation say approval is very likely. Two former OCC officials also said it would be very unlikely for the application to be rejected. WLFI applied earlier this year, following other crypto companies like Circle, Ripple, and BitGo that have also sought federal banking charters.
If approved, the trust bank license would let World Liberty Financial issue and redeem its USD1 stablecoin directly, manage reserves, offer custody services, and make it easier for institutions to move money in and out. These features could help USD1 compete better in the crowded stablecoin market.
This news comes as political controversy grows. Some Democratic lawmakers, including Senator Elizabeth Warren, have raised concerns about possible conflicts of interest and national security risks.
The House of Representatives has also looked into the stablecoin project after reports of a large investment from a UAE-based firm and a transaction linked to Binance.
WLFI’s token price went up slightly after the news. Investors seem to be considering both the possible benefits of regulatory approval and the ongoing political attention on Trump-related crypto projects. If the OCC approves the license, it could become one of the year’s most closely watched stories in politics, banking, and digital assets.
NEW: OCC is considering approving Trump-backed World Liberty Financial (WLFI) national trust bank charter soon
solana:WLFinEv6ypjkczcS83FZqFpgFZYwQXutRbxGe7oC16g https://t.co/qchhDoTYfx— Rednirav (@CryptoRednirav) June 17, 2026
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