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The Trumps’ Crypto Project Just Got One Step Closer to Becoming a Bank – Mother Jones

The Trumps’ Crypto Project Just Got One Step Closer to Becoming a Bank – Mother Jones

Donald Trump, seated, smiles behind a presidential seal and a tabletop microphone. He is wearing a navy suit jacket and gold-colored tie. To his right sits Treasury Secretary Scott Bessent, who is clapping and wearing a dark suit jacket and blue striped tie. Behind them a US flag stands.

Trump appears at a March 2025 White House cryptocurrency summit alongside Treasury Secretary Scott Bessent, whose department houses the Office of the Comptroller of the Currency. Chris Kleponis/CNP/Zuma

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Federal regulators have given President Donald Trump’s family crypto business a conditional approval to operate like a bank. On Friday, the Office of the Comptroller of the Currency—led by Trump appointee Jonathan Gould—announced that World Liberty Financial, a crypto venture controlled by the Trump family, was on track to receive a banking charter. This will allow World Liberty…

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