The Tramp family company was authorized to establish the National Trust Bank

According to Bloomberg, World Liberty Financial under the umbrella of the Trump family has received conditional approval from the United States Monetary Supervisory Authority (OCC) to establish a national trust bank. One of the main objectives is to expand the use of the USD1 and store the reserve assets supporting the stable currency within its own banking system to reduce costs and enhance compliance and market credibility. The data show that in the 19 months prior to the second term of Tripp, the OCC had approved 22 applications for bank licences, which exceeded the sum of the previous five years, and that a number of applications from the financial technology and digital asset company, World Liberty, had taken approximately 220 days, up from the median of about 126 days during the current administration. Before final approval, companies still have to meet the conditions of external audit, capital adequacy, etc。