The Trump family’s crypto project, World Liberty, is reportedly set to obtain a U.S. OCC Federal Trust Bank license.

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Golden Finance reports that on June 17, according to The Block's sources, the Trump-supported crypto project World Liberty Financial is expected to soon receive approval from the U.S. Office of the Comptroller of the Currency (OCC) to become a federal trust bank. OCC Director Jonathan Gould is about to announce the decision, with two former OCC employees stating that approval is "almost certain." World Liberty submitted its application in January of this year; the federal trust bank license will allow it to issue and redeem USD1 stablecoins, manage reserves, provide digital asset custody, conversion, and settlement services without relying on third-party intermediaries.
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