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HTX News

06/17 03:30

Trump Family Crypto Project World Liberty Set to Obtain OCC Federal Trust Bank License

On June 17, according to a report by The Block citing NOTUS, the crypto project World Liberty Financial, supported by Trump, is expected to soon receive approval from the Office of the Comptroller of the Currency (OCC) to become a federal trust bank. OCC Director Jonathan Gould is set to announce the decision, with two former OCC employees stating that approval is 'almost a certainty.' World Liberty submitted its application in January this year, and the federal trust bank license will allow it to issue and redeem USD1 stablecoins, manage reserves, and provide digital asset custody, conversion, and settlement services without relying on third-party intermediaries.

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