An analysis says crypto firms may not fully escape political pressure or supervisory risks even if they obtain a U.S. federal trust bank charter. The charter can strengthen legal standing for custody while bringing firms into direct oversight by the Office of the Comptroller of the Currency. The article contrasts interpretations of Silvergate’s liquidation and notes conditional approvals for several trust bank moves. It adds that regulators retain control through approval conditions and revised supervisory rules.

World Liberty Financial (WLFI), a stablecoin issuer involving U.S. President Donald Trump\'s family, has won conditional U.S. approval for a bank charter application. The firm issues the dollar-pegged stablecoin USD1 and said the approval is aimed at expanding its use. The move has drawn attention over the applicant and policy environment, with some Democratic lawmakers raising concerns about potential preferential treatment. U.S. bank licensing has also increased, OCC data and officials said.