World Liberty Financial Investors Agree to Limits Under National Trust Bank Plan

TLDR

• Eric Trump and other World Liberty investors agreed to limit influence over the proposed bank.
• The OCC granted World Liberty Trust Company preliminary conditional approval for a national trust charter.
• The proposed trust bank would issue USD1, manage reserves and provide digital asset custody services.
• USD1 has grown to more than $4 billion in circulation as World Liberty expands operations.
• World Liberty must satisfy remaining OCC conditions before the national trust bank can begin operations. 

World Liberty Financial investors, including Eric Trump, have agreed to limit their influence over its proposed national trust bank as the crypto company works toward final federal approval.

World Liberty Investors Sign Passivity Commitments

Eric Trump, World Liberty Financial co-founder Zak Folkman and Emirati businessman Hamad Khalfan Ali Matar Alshamsi signed agreements known as passivity commitments through their respective companies. The documents were disclosed alongside the preliminary approval of World Liberty Trust Company.

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