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U.S. OCC conditionally approves World Liberty trust bank charter, opening path to directly manage USD1

The U.S. Office of the Comptroller of the Currency has conditionally approved a national trust bank charter application by World Liberty Financial, a crypto firm linked to the Trump family. The company can operate as World Liberty Trust Company, National Association if it meets regulatory and policy requirements. The move has drawn conflict-of-interest criticism and Democratic pushback, while lawmakers also raise concerns about foreign-linked funding and related transactions.

Crypto

Crypto market maker Wintermute to bet up to $1 billion on AI and high-frequency trading to expand into traditional finance

Crypto market maker Wintermute plans to invest up to $1 billion over the next five years in AI data centre infrastructure and high-frequency trading as it expands into traditional finance. It aims to raise non-crypto market activity to more than 50% of its business by the end of 2027, from about 10% now. The firm also plans to double staff at its New York office and increase global headcount by about 40%.

Crypto

U.S. OCC reaffirms push to expand new bank charters, quickening crypto firms\' entry

The U.S. Office of the Comptroller of the Currency has reaffirmed its policy of promoting de novo bank charters, accelerating crypto firms’ entry into the federal banking system. Ripple, Circle, Crypto.com and Paxos have received conditional approvals linked to national trust bank charters, while Coinbase’s application is under review. Traditional banking groups have urged the OCC to reject or slow such applications, citing risk management, internal controls and governance concerns.