The Trumps' Crypto Project Just Got One Step Closer to Becoming a Bank

Federal regulators have conditionally approved World Liberty Financial, a Trump family-controlled cryptocurrency venture, to operate as a bank and issue stablecoin tokens called "USD1" in the United States. The approval from the Office of the Comptroller of the Currency—led by Trump appointee Jonathan Gould—provides the venture with federal credibility and new powers while potentially generating significant profits for Trump and his family, who made over $600 million from digital asset sales through the company in 2025. Democratic lawmakers have criticized the move as a brazen example of self-dealing and corruption.