OCC Grants Conditional Bank Charter Approval to Trump-Linked Crypto Firm
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The Office of the Comptroller of the Currency (OCC) has conditionally approved a national trust bank charter for World Liberty Trust Co., a firm backed by the Trump family. The charter would enable the company to issue stablecoins.
While the preliminary approval allows the firm to move forward, final approval of the bank charter has not yet been granted. The Washington Examiner reports that Democrats will argue the move raises conflict-of-interest concerns.
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