Trump Family's Crypto Project Seeks Approval for National Trust Bank

According to Foresight News, the Trump family's crypto initiative, WLFI, announced via Twitter that its subsidiary, WLTC Holdings LLC, has submitted a new application to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank named World Liberty Trust Company. This institution is intended to operate specifically for stablecoin-related activities. If approved, the license will enable WLTC to issue a USD-pegged stablecoin, USD1. WLTC plans to gradually expand its services to include crypto asset custody and stablecoin exchange, primarily targeting institutional clients.