Day 572

Trump's Bank Regulator Grants Conditional National Bank Charter to Trump Family's Crypto Venture (August 2026)

On August 14, 2026, the Office of the Comptroller of the Currency (OCC), led by Trump-nominated Comptroller Jonathan Gould, conditionally approved a national trust bank charter for World Liberty Trust Company, N.A., an affiliate of World Liberty Financial, the crypto venture co-founded by the Trump family. ABC News and Fox Business reported a 38% ownership stake held by 'an entity affiliated with Donald J. Trump and certain of his family members' (ABC attributes it to World Liberty Trust, Fox Business to World Liberty Financial). The bank would issue and manage the USD1 stablecoin, hold the reserves behind it, and provide digital-asset custody, which places a company in which the president's family holds a large stake under the supervision of a federal regulator the president controls. Sen. Elizabeth Warren called it 'the most brazen act of self-dealing our financial system has ever seen.' The OCC said its staff acted 'consistently with their statutory duties and ethical obligations'; the White House said there are 'no conflicts of interest.'