US Regulator Approves Bank Charter for Trump-Backed World Liberty Financial

US regulators approved a preliminary bank charter for World Liberty Financial, paving the way (pending final approval) for asset custody and faster settlement via a newly created trust bank—though not broad deposit-taking. Crypto builders should watch: if approval finalizes, it signals regulatory pathway for crypto-linked banking in the US, which could reshape stablecoin demand and custody architectures.

Source: ET Tech ↗