Aug. 17, 2026, 4:28 p.m. ET
The cryptocurrency company that made President Donald Trump nearly $800 million since he returned to the White House has received the green light to become a bank and potentially make him even more money.
World Liberty Trust Company received conditional approval from the Treasury Department on Aug. 14 to become a bank. The approval specifically gives World Liberty the right to issue a type of cryptocurrency called stablecoin, which is tied to the U.S. dollar.
“Our ambition is clear: to build the most trusted and widely used digital dollar in the world while strengthening the role of the U.S. dollar across the global economy,” Zach Witkoff, the chief executive officer of World Liberty Financial, wrote in a
