Donald Trump's family may obtain their own "crypto bank" in the United States.

According to NOTUS, citing former OCC employees, the crypto company World Liberty Financial is almost certain to receive a license for a national trust bank.

One source stated that a denial of the application seems "unthinkable."

If the license is granted, World Liberty Financial will be able to directly issue the USD1 stablecoin in the U.S. and conduct settlements through its own platform without intermediaries.

Critics already call the situation an unprecedented conflict of interest, as the family of the U.S. president profits from the project. At the same time, the current OCC leadership actively approves crypto company applications and accelerates the process of obtaining banking licenses.

Essentially, World Liberty Financial could become one of the first major crypto companies directly integrated into the U.S. banking system.