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The administration granted preliminary bank charter approval to World Liberty Trust Company, a cryptocurrency venture owned by the Trump family.

The administration announced that the Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval for World Liberty Trust Company to establish a national trust bank charter. This move allows the Trump family-owned cryptocurrency firm to issue and manage its own dollar-pegged stablecoin, USD1, without relying on intermediaries. While the company will not offer traditional loans or federally insured deposits, the charter provides significant federal credibility and regulatory oversight that will persist beyond the current administration. Democrats have criticized the decision as a

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