World Liberty crypto gets initial approval

The Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval for a national trust bank linked to World Liberty Financial, a crypto venture partially owned by Donald Trump's family. Based in Florida, the bank aims to manage a USD1 stablecoin, issue and redeem it, and provide digital asset custody for institutional clients. The approval moves the company closer to launching, with final permits contingent on meeting additional requirements.

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