00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Trump's family is nearing final approval to launch a national trust bank
00:07through World Liberty Financial as the administration accelerates approval of new bank charters,
00:12according to Bloomberg. The Office of the Comptroller of the Currency approved 22
00:18charter applications during the first 19 months of Trump's second term, more than in the previous
00:23five years combined. World Liberty received conditional approval for a trust charter
00:28tied to its USD1 stablecoin business. The company says the charter would place it under federal
00:34oversight and allow it to hold assets backing USD1. World Liberty must meet capital, auditing,
00:41and governance requirements before receiving final approval.
01:08For all things money, visit Benzinga.com.
