World Liberty Financial Nears Federal Bank Charter Approval

Securing this charter would allow World Liberty to bypass state-level regulatory frameworks, operating instead under a single national oversight body. The transition would eliminate the firm's reliance on third-party intermediaries, such as BitGo, for stablecoin issuance and settlement services. While agency staff describe rejection as unlikely, the application remains a flashpoint for political tension.

Democratic lawmakers, led by Senator Elizabeth Warren, have repeatedly challenged the move, citing the project’s deep ties to the Trump family. Public disclosures reveal that President Donald Trump and his family launched the venture, with 75% of WLFI token sale proceeds directed to an entity under his control. Critics argue the approval process is marred by potential conflicts of interest and national security risks, specifically regarding foreign investment stakes from the United Arab Emirates. Comptroller Gould has maintained that the OCC conducts its reviews on a strictly nonpartisan basis, asserting that the agency adheres to statutory obligations despite intense pressure from both sides of the aisle.