World Liberty Financial nears US banking approval review
World Liberty Financial (WLFI), the decentralised finance venture linked to US President Donald Trump and his family, is reportedly nearing a major regulatory milestone that could expand its role in the digital asset sector.
The project has recently attracted attention following reports of tensions involving Tron founder Justin Sun, while also advancing plans to strengthen its position within the US financial system.
Reports indicate that WLFI is approaching approval to establish a banking entity in the United States through a national trust bank charter.
According to information cited by NOTUS, the company is expected to receive authorisation to operate as a national trust bank despite ongoing debate surrounding potential conflicts of interest connected to the US president.
The final decision is expected to come from the US Office of the Comptroller of the Currency (OCC), which is reviewing the application as part of its regulatory process.
Individuals with previous experience at the OCC reportedly believe the application has a strong chance of success and view approval as highly likely.
If the charter is granted, WLFI would gain the ability to operate under a federal regulatory framework that offers greater flexibility than many existing crypto businesses.
The approval would also strengthen the company's capacity to support its stablecoin initiative known as USD1 and could simplify future issuance and redemption activities.
A national trust bank charter would allow the organisation to oversee reserves associated with its stablecoin operations while remaining under a single federal regulator.
The licence could also permit the company to provide digital asset custody solutions for customers seeking regulated cryptocurrency storage services.
Additional services such as payment processing and transaction settlement could become available through the same regulatory structure if approval is granted.
Supporters argue that the charter would provide regulatory clarity and create a pathway for broader participation in the growing digital asset economy.
However, the application has generated opposition from lawmakers and banking organisations concerned about governance and oversight issues.
Democratic Senator Elizabeth Warren has urged regulators to postpone consideration of the application, citing concerns related to conflicts of interest and potential national security implications.
Critics have questioned whether a business associated with a sitting president should receive regulatory approval that could significantly benefit its commercial operations.
The debate has intensified as policymakers continue to examine the relationship between political influence and emerging cryptocurrency businesses.
Industry observers believe that a positive OCC decision could trigger renewed discussions in Washington regarding ethics standards and financial regulation.
Analysts also expect the approval, if granted, to become a focal point in broader political arguments surrounding the Trump family's involvement in digital assets.
The expected ruling now represents one of the most closely watched regulatory decisions in the US cryptocurrency sector.
Market participants are monitoring the outcome closely as it could influence how future crypto-related banking applications are assessed by federal authorities.
At the time of reporting, World Liberty Financial price was $0.06094.