Trump-linked crypto venture World Liberty Trust granted bank status in unprecedented move for president
Trump Crypto Venture Wins Bank Status
Tyunews.com – The Trump linked crypto venture World Liberty Trust has received a historic bank charter, marking an unprecedented milestone for a corporation tied to the sitting president. The Office of the Comptroller of the Currency granted conditional authorization for the entity to operate as a traditional financial institution. This decision comes amid growing scrutiny over potential conflicts of interest as the Trump family expands its digital currency operations.
What Makes This Charter Unique
World Liberty Trust Co. will now be able to issue its own stablecoin cryptocurrency pegged to the U.S. dollar, eliminating the need for third-party providers like BitGo. According to the organization's website, approximately 38 percent of ownership belongs to an entity affiliated with Donald J. Trump and his family members. The bank charter allows the enterprise to function as both a conventional financial institution and a digital currency issuer simultaneously.
Financial disclosures show that Trump accumulated more than $1.4 billion in revenue from cryptocurrency ventures throughout 2025. Stablecoins offer greater stability than volatile assets like Bitcoin, making them more attractive for commercial transactions. The Securities and Exchange Commission has noted that these digital assets can be "marketed for use as a means of making payments, transmitting money, or storing value."
Market Impact and International Backing
The Trump family has already secured approximately $5 billion based on World Liberty Financial's token valuation following its public debut. International investors continue to fuel the company's growth, with MGX—a state-backed firm from Abu Dhabi—contributing an additional $2 billion in May 2025. This investment includes commitments to utilize the Trump family's USD1 stablecoin for major transactions involving Binance.
White House communications director Anna Kelly defended the arrangement, stating that the president "only acts in the best interests of the American public." She explained that presidential assets reside in a blind trust overseen by his children, though she acknowledged that conventional blind trusts typically employ an independent trustee.
Senator Elizabeth Warren, ranking Democrat on the Committee on Banking, Housing and Urban Affairs, previously requested that the OCC pause approval of ventures connected to the Trump family. The agency maintains that it operates independently despite being an executive branch office where the president holds final authority.
Leadership Structure
Eric Trump recently joined the ALT5 Board as a Director, while Donald Trump Jr. serves as a Board Observer. The two were photographed outside the Nasdaq in New York's Times Square on August 13, 2025, during the opening bell ceremony for World Liberty Financial and ALT5 Sigma.
World Liberty Financial co-founder Zach Witkoff, son of the president's special envoy to the Middle East, expressed optimism about future developments. "We thank MGX and Binance for their trust in us, and I think it's only the beginning," Witkoff remarked during a cryptocurrency conference in Dubai.
Frequently Asked Questions
What is World Liberty Trust? World Liberty Trust is a cryptocurrency venture linked to the Trump family that has received a bank charter, allowing it to issue stablecoins and operate as a traditional financial institution.
How much revenue has Trump generated from crypto? Financial disclosures reveal that Trump accumulated more than $1.4 billion in revenue from cryptocurrency ventures throughout 2025.
What is the ownership structure? Approximately 38 percent of World Liberty Trust's ownership belongs to an entity affiliated with Donald J. Trump and certain of his family members.
Are there conflict of interest concerns? While Senator Elizabeth Warren raised concerns, White House communications director Anna Kelly stated that presidential assets reside in a blind trust overseen by his children, with no conflicts of interest.
Who are the key international investors? MGX, a state-backed investment firm from Abu Dhabi, contributed $2 billion in May 2025, with commitments to use the USD1 stablecoin for transactions involving Binance.