The Office of the Comptroller of the Currency has conditionally approved a national trust bank charter for World Liberty Trust Company, a step that would allow the Trump family-backed crypto firm to issue stablecoins.
Key facts
- The OCC conditionally approved World Liberty Trust Company's national trust bank charter.
- The charter would allow the firm to issue stablecoins.
- World Liberty is a Trump family-backed crypto firm.
- The approval was reported by CNBC on August 14, 2026.
The Office of the Comptroller of the Currency (OCC) has conditionally approved a national trust bank charter for World Liberty Trust Company, according to CNBC. The approval marks a significant regulatory step for the Trump family-backed cryptocurrency firm.
The charter, once fully in place, would allow World Liberty to issue stablecoins, according to the CNBC report. Stablecoins are a type of cryptocurrency typically designed to hold a steady value.
The OCC is the federal agency responsible for chartering, regulating and supervising national banks and federal savings associations, as well as certain trust companies. A conditional approval means the firm must still meet specified requirements before the charter takes full effect.
CNBC identified World Liberty as a firm backed by the Trump family. The report did not provide further details in the source text about the specific conditions attached to the approval or a timeline for the charter becoming final.
The development places the Trump-linked firm within the federally regulated banking framework for issuing stablecoins, a position that intersects business, technology and politics given the family’s involvement.
Why it matters
A federal bank charter would give a Trump family-backed firm a regulated pathway to issue stablecoins, placing a politically connected company inside the national banking system. The move sits at the crossroads of finance, technology and politics, making it notable for consumers, investors and regulators alike.
Frequently asked questions
What did the OCC approve?
According to CNBC, the OCC conditionally approved a national trust bank charter for World Liberty Trust Company.
What would the charter allow World Liberty to do?
The charter would allow the Trump family-backed firm to issue stablecoins, according to CNBC.
Who backs World Liberty?
CNBC reports that World Liberty is a Trump family-backed crypto firm.