The US Office of the Comptroller of the Currency (OCC) has granted preliminary approval for World Liberty Financial, a crypto venture associated with the Trump family, to establish a national trust bank. This decision opens the door for the firm to expand its operations in the burgeoning crypto banking sector, specifically for the issuance of stablecoins. The approval is part of a broader regulatory initiative to facilitate access for digital asset firms to the federal banking system. Several other crypto firms are also seeking national bank charters, as the OCC signals a commitment to integrating cryptocurrencies into traditional finance. However, the decision has faced criticism, with some regulatory voices denouncing the approval as a form of self-dealing linked to the Trump family.