The cryptocurrency project World Liberty Financial, backed by U.S. President Trump and his family, is expected to soon receive approval from the Office of the Comptroller of the Currency (OCC) to operate as a national trust bank. OCC official Jonathan Gould is expected to announce his final decision shortly, and two former anonymous OCC employees have revealed that the application is essentially a done deal. It is reported that WLF was established as a U.S. trust company in January this year and submitted the application. If a federal trust bank charter is granted, it would allow WLF to directly issue and redeem its USD1 stablecoin, manage its reserves, provide digital asset custody, and carry out conversion and settlement services under a single federal regulator, without having to rely on the current third-party intermediary BitGo. (TheBlock)