Trump-appointed regulator approves bank charter for crypto firm tied to president's family

A U.S. banking regulator, whose head was appointed by President Donald Trump, has approved a bank charter for the cryptocurrency firm World Liberty. The venture is closely tied to the Trump family, which retains a substantial financial interest in it.

The approval means World Liberty will now be able to operate with expanded, federally sanctioned powers within the financial sector. The bank charter also gives the company formal regulatory recognition — a form of federal credibility it had not previously held — which could strengthen its standing in the crypto market.

Conflict-of-interest concerns

The fact that the decision came from a regulator whose appointment Trump himself directly influenced highlights questions about the overlap between the president's official powers and his family's private financial interests. Trump and his relatives continue to hold a significant financial stake in the firm, which has now gained additional authority and formal recognition from a federal agency.

The case adds a new chapter to the broader debate over how the Trump family's business interests intersect with the president's political power and his influence over the federal regulatory apparatus. Further details on how the charter will affect the firm's future operations or the regulator's oversight arrangements have not yet been disclosed.