Trump’s own administration just approved a banking license for his family’s crypto firm
- Thu, Aug 20 2026 at 3:26 PM
Politico: “Trump-appointed regulator OKs banking license for Trump-linked crypto firm”
The Office of the Comptroller of the Currency, the bank regulatory arm of the Treasury Department, granted preliminary approval for the Trump family’s cryptocurrency venture, World Liberty Trust Co., to operate a federally chartered trust bank.
That decision will give new powers and credibility to the crypto venture that Trump and his family profit from.
Mark, this is the most egregious example to date of the president’s businesses profiting from his official role.
The president continues to boost the crypto market, while everyday Americans are facing higher prices and an increasingly unstable economy—thanks to Trump policies.Since the start of Trump’s second term, he has implemented policies that have boosted the crypto industry, while his family has expanded their business into crypto.
World Liberty Financial receiving approval for a banking license by Trump’s own administration is the latest example.
World Liberty Financial says Trump is not involved in managing the company. But the fact remains: Trump and his family own about 38% of the holding company that controls World Liberty Financial and 22.5 billion of World Liberty’s governance tokens.
That makes it one of his biggest moneymakers.
2025 was the most lucrative year of Trump’s life, in large part from his crypto ventures. Last year, he disclosed nearly $600 million in income from World Liberty token and equity sales, making it a significant amount of the $1.4 billion in crypto-related earnings he brought in.
Again and again, Donald Trump has used the presidency to put policies in place that directly benefit his and his family’s bottom line—at the expense of everyday Americans.
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