The Trump family is set to enter the US banking business, with a company linked to the President’s family receiving preliminary approval to start a national bank. This will make Trump the first sitting US President whose children founded a bank.

World Liberty Financial, the Trump-linked crypto company, has received the green light from the Office of the Comptroller of the Currency (OCC), the US banking regulator. The company still needs to meet certain conditions before getting final approval, according to Bloomberg.

The development comes as the US banking regulator is approving new bank charters at the fastest pace…