World Liberty Financial, Linked to Trump, Seeks Federal Bank Charter for Crypto and Traditional Banking

World Liberty Financial LLC, a company associated with former President Donald Trump, has officially applied for a federal bank charter with the Office of the Comptroller of the Currency (OCC). The proposed institution, named "World Liberty Bank," aims to operate as a full-service commercial bank with a significant focus on digital assets and cryptocurrency services alongside traditional banking. According to the application, the bank plans to offer custody services for crypto assets, facilitate crypto trading, and provide fiat banking services to crypto businesses. This move is seen as a major step towards bridging the gap between traditional finance and the digital asset ecosystem. The application highlights the growing institutional interest in cryptocurrency integration. Approval from the OCC would position World Liberty Bank among the first federally chartered banks with a core mission to serve the crypto industry, potentially setting a regulatory precedent.