World Liberty Financial, a cryptocurrency initiative backed by the Trump family, is reportedly on the verge of obtaining a Federal Trust Bank license from the U.S. Office of the Comptroller of the Currency (OCC). According to sources cited by The Block, OCC Commissioner Jonathan Gould is expected to announce the approval soon, with insiders suggesting the decision is nearly finalized.
The license would enable World Liberty to issue and redeem the USD1 stablecoin, manage reserves, and offer digital asset custody, conversion, and settlement services independently. The project submitted its application in January, and the approval would mark a significant step in its operational capabilities.
Trump-Backed Crypto Project Nears Federal Trust Bank License Approval
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
