[WLFI May Receive Approval from U.S. OCC for Federal Trust Bank Charter Application] Odaily Planet Daily News: The cryptocurrency project World Liberty Financial, supported by the Trump family, is expected to soon receive approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a national trust bank. Two former OCC employees, speaking on condition of anonymity, revealed that the application is almost certain to be approved. World Liberty Financial established a U.S. trust company in January of this year and submitted an application to the OCC. Obtaining a federal trust bank charter will allow the project to issue and redeem its USD1 stablecoin, manage reserves, provide digital asset custody, and offer conversion and settlement services under a single federal regulatory body, without relying on third-party intermediaries. Currently, the project's intermediary is BitGo. (The Block)