World Liberty Wins Bank Charter From Trump-Appointed Regulator for $4 Billion Stablecoin

President Donald Trump's family is set to own a federally chartered bank. A regulator he appointed conditionally cleared World Liberty Trust Company, issuer of the $4 billion USD1 stablecoin.

The Office of the Comptroller of the Currency (OCC) published its national trust charter decision Friday. Final approval would let the firm issue USD1 itself and hold the dollar assets backing it.

Trump's Own Appointee Cleared the World Liberty Bank Charter

Trump appointed Comptroller Jonathan Gould to run the OCC last year. World Liberty Trust filed its application in early January, and congressional Democrats spent the months since warning that approval would create a conflict of interest.

The agency answered that criticism inside the letter itself. Career staff handled the review, the OCC said, and Gould met his statutory duties and ethical obligations. Nonpolitical examiners will supervise the bank once it opens.

The regulator's structure matters here. The OCC sits inside the Treasury Department and has no bipartisan board to check a single appointee. Democrats pressed Gould at a February hearing to release the unredacted filing. The public version left out capital structure and business plan specifics.

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