World Liberty Financial (WLFI), backed by the Trump family, has applied for a national banking charter in the United States. The application, submitted to the Office of the Comptroller of the Currency (OCC) in late 2024, aims to establish WLFI as a digital-first bank offering retail and commercial services. The process, expected to take 12 to 18 months, will involve rigorous scrutiny of the bank's business plan, capital adequacy, and compliance frameworks. The application has drawn significant attention due to its high-profile backing and potential implications for both the financial and political sectors. If approved, WLFI could become a major player in the banking industry, offering competitive services and potentially influencing political fundraising dynamics. The OCC's decision will be closely watched as it could set a precedent for the involvement of prominent political figures in the banking sector.
World Liberty Financial Seeks US Banking License with Trump Family Support
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