Crypto's Trojan Horse: Trump Backed World Liberty Financial Gets Conditional Approval The Office of the Comptroller of the Currency (OCC) has granted conditional approval for a national trust charter to World Liberty Trust Company, a crypto venture backed by President Donald Trump and his family.
This decision is being hailed as a milestone in the industry's efforts to gain mainstream acceptance, but it also raises concerns about regulatory capture and the blurred lines between finance and politics.
The OCC's approval letter specifies conditions for the charter, including maintaining at least $20 million in capital and hiring an internal audit manager.