Federal regulators have granted a conditional approval that brings President Donald Trump’s family crypto venture one step closer to operating with the authority of a traditional bank. The Office of the Comptroller of the Currency recently announced that World Liberty Financial is on track to receive a formal banking charter. Once finalized, this status would enable the company to issue its own stablecoin tokens, known as USD1, directly within the United States without needing to rely on third party intermediaries.
The development marks a significant moment for the administration, as it represents one of the most direct intersections between official government action and the president’s personal finances. Because World Liberty Financial is controlled by the Trump family, critics argue that granting such high level federal credibility provides an unprecedented advantage to a private entity tied to the Oval Office. Zach Witkoff, a co founder of the project and son of a presidential envoy, praised the move on social media, stating their goal is to create the world’s most trusted digital dollar while bolstering American economic influence globally.
Financial records indicate that this transition could be immensely lucrative for the first family. Reports show that President Trump earned approximately 65 million dollars in 2025 from selling shares in World Liberty Financial alone. Furthermore, his financial disclosures reveal nearly 600 million dollars gained from selling stablecoins and various digital assets through the platform during that same period.
Not everyone sees this as a win for innovation, however. Democratic lawmakers have been quick to condemn the regulatory approval as evidence of systemic corruption. Senator Elizabeth Warren took to social media following the announcement to voice her opposition, describing the situation as perhaps the most blatant instance of self dealing ever witnessed within the American political system.
