Donald Trump · CoinDesk
In May, Senator Elizabeth Warren challenged Comptroller of the Currency Jonathan Gould
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
✓ KHAO Verified
After Warren had specifically asked that the OCC put a stop to the application process for Trump-tied World Liberty, Gould had told her that the agency would act without considering politics and proceed with the application on its normal timeline.
Key facts
- UPDATE (Aug. 14, 2026, 21:15 UTC): Adds additional detail
- UPDATE (Aug. 14, 2026, 23:52 UTC): Adds additional detail
- World Liberty and USD1 have specifically been under scrutiny after an Abu Dhabi investment firm bought a stake in World Liberty Financial early last year
- World Liberty applied for the charter in January of this year, spurring opposition from Democratic lawmakers concerned by the fact that the broader World Liberty entities are owned in part
Summary
The U.S. Office of the Comptroller of the Currency has granted World Liberty Trust Company a federal charter, clearing the way for it to take over issuance of World Liberty Financial’s USD1 stablecoin. Lawmakers had expressed concerns with World Liberty’s application due to its ties to President Donald Trump. A federal bank regulator has granted World Liberty Trust Co. a conditional bank charter, it announced Friday. The Office of the Comptroller of the Currency, the U.S. banking agency that grants federal charters, said in a letter posted to its website that World Liberty could operate fiduciary and other trust company-related activities as a national trust bank. “This preliminary conditional approval is granted based on a thorough evaluation of all information available to the OCC, including the representations and commitments made in the application and by the Bank’s representatives,” the letter said.