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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

UK money-laundering probe businessman bought $100 million of Trump family-linked crypto tokens

A businessman previously investigated in Britain on suspicion of money laundering was identified as the person behind Aqua1\'s purchase of $100 million worth of tokens from World Liberty Financial, a crypto project involving the Trump family. Cointelegraph, citing the New York Times, said Guren Zhou was linked to the June 2025 purchase. The New York Times noted Zhou was arrested in 2021 and a crypto venture he started failed.

Crypto

Warren asks Commerce Department to explain UAE AI chip preference after Trump crypto investment

U.S. Senator Elizabeth Warren has asked the Commerce Department to explain whether crypto interests tied to President Donald Trump influenced steps to loosen export restrictions on AI semiconductors for the United Arab Emirates. In a letter to Commerce Secretary Howard Lutnick, Warren questioned whether policy decisions involved conflicts of interest after UAE-linked entities invested in World Liberty Financial and used its USD1 stablecoin in a Binance deal. Congress is also reviewing a possible pardon for former Binance CEO Changpeng Zhao.