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Trump family-backed crypto firm World Liberty gets conditional bank charter approval

Trump family-backed crypto firm World Liberty gets conditional bank charter approval

Zach Witkoff, co-founder and CEO of World Liberty Financial and chairman of Alt5 Sigma Corp., right, and Eric Trump at the Nasdaq MarketSite in New York, Aug. 13, 2025.

Adam Gray | Bloomberg | Getty Images

A federal financial regulator has conditionally approved an application for a bank charter by an entity connected to World Liberty Financial, a crypto firm partially owned by President Donald Trump‘s family.

The Office of the Comptroller of the Currency on Friday gave conditional approval to World Liberty Trust Company’s application for a national trust bank, according to a letter posted on the OCC’s website. The trust company is sponsored by World Liberty Financial, which says on its website it is 38% owned by “an entity affiliated with…

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