Trump-backed World Liberty Financial gets conditional federal bank charter

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The Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval to World Liberty Trust Co. on Friday. The decision marks a significant regulatory milestone for the crypto venture backed by Donald Trump. The approval is conditional, meaning the company must still meet certain requirements before full banking operations can begin. World Liberty Financial has been positioning itself as a major player in the crypto and decentralized finance space since its launch.

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