World Liberty Financial (WLFI) Set to Receive U.S. National Trust Bank License Approval

WLFI0.91%
USD10.01%
According to NOTUS, World Liberty Financial (WLFI), the DeFi project backed by U.S. President Donald Trump, is on track to receive approval for a national trust bank license in coming weeks. The U.S. Office of the Comptroller of the Currency (OCC) is expected to announce its final decision soon, with two former OCC employees telling NOTUS that approval is nearly certain. If granted, WLFI will be authorized to issue its stablecoin USD1, manage cryptocurrency reserves, provide custody services, and offer payment and clearing services under a federal regulatory framework. The application has faced objections from Democratic Senator Elizabeth Warren and banking groups over conflict-of-interest concerns.
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