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NEW YORK – The Trump family’s company, World Liberty Financial, which is focused on blockchain technology has shocked the Wall Street and the cryptocurrency industry by making a formal application for an American banking license. This move shows that the group plans to integrate both traditional finance and digital money at some point in the future.
The
application was made on Monday night through the OCC. It is a clear indication
that the Trumps are determined to make a mark in the highly regulated banking
industry. Should it go through, this will be among the pioneer crypto-linked
entities operating nationally under a banking charter, hence posing a challenge
on how digital assets will relate with wider financial system of United States.
The
company, believed to be supported by Donald Trump Jr., among other pro-crypto
investors, has stated that it intends to bridge decentralized finance with
mainstream banking. Insider sources have revealed that through a hybrid model
following American financial regulations, the business targets offering
services such as crypto custody, fiat loans as well as blockchain payment facilities.
A Bold
Move Into Regulated Finance
Nonetheless,
there are already critics of this move. Financial experts believe that giving a
banking license to a politically influential start-up dealing with
cryptocurrencies creates doubts about regulatory equity and supervision. Many
people have raised concerns over whether the connection of this company with
the Trumps could make it be given special treatment during approval.
It is also
noted by skeptics that World Liberty Financial started operating just some months
ago after being launched in September 2025 when Donald Trump began focusing
again on policies favorable to cryptocurrency. Although it claims to uphold
transparency and accountability as its guiding principles, a lot of individuals
in Washington are still suspicious about how it is run and its capital base.
Nevertheless,
this action indicates a wider change occurring under Trump’s presidency whereby
digital finance is being embraced. Upon his return to power, Trump has shown
less hostility towards crypto than before and even referred to it as “an
American innovation that needs to stay in America.” There have been several
presidential decrees aimed at promoting investment in blockchain technology and
easing up on regulations for companies launching cryptocurrencies.
Crypto
Meets Politics
On the
other hand, supporters say that the Trumps are just recognizing that there is
increased use of cryptocurrency and if nothing is done then American financial
institutions may fail to keep pace with their rivals from other parts of the
world. “It’s not politics; World Liberty Financial is all about creating a
different type of bank for tomorrow’s digital cash,” said an executive who
works closely with the company.