{"id":4480,"date":"2026-08-15T16:07:26","date_gmt":"2026-08-15T16:07:26","guid":{"rendered":"https:\/\/hometransferguide.com\/?p=4480"},"modified":"2026-08-15T16:07:26","modified_gmt":"2026-08-15T16:07:26","slug":"witkoff-trump-family-crypto-firm-granted-conditional-bank-charter-from-federal-regulator","status":"publish","type":"post","link":"https:\/\/hometransferguide.com\/?p=4480","title":{"rendered":"Witkoff, Trump Family Crypto Firm Granted Conditional Bank Charter From Federal Regulator"},"content":{"rendered":"
\n

The Office of the Comptroller of the Currency (OCC) announced the approval of a de novo banking charter for World Liberty Financial late Friday, marking one of the most significant developments in the financial sector since the 2008 financial crisis. <\/p>

Read more Beijing\u2019s Voyage Through Frozen Waters Could Change Shipping Forever<\/a><\/p>

The conditional de novo charter issued by the OCC \u2014 a federal banking regulator under the Treasury Department \u2014 has stoked more controversy than past charters, as it was granted to World Liberty Financial, a financial entity heavily involved in cryptocurrency markets. Importantly, the move is likely to draw intense criticism as the company was co-founded by Alex and Zach Witkoff \u2014 sons of billionaire Trump advisor Steve Witkoff \u2014 along with Trump family members. <\/p>

According to the OCC, a de novo banking charter is granted to a financial institution that forms a banking entity from scratch rather than through a merger or acquisition. Typically, de novo banks face greater federal scrutiny and oversight in their early years because they are newly formed entities. <\/p>

Matt Stoller, director of research at the American Economic Liberties Project, told the Daily Caller that \u201cthis level of corruption always ends in tears.\u201d<\/p>

\n\n
\"GettyImages-2263704737.jpg\"<\/figure>\n\n<\/div>

<\/p>

Still, a senior agency official stressed to the Daily Caller that the OCC\u2019s primary goal is to develop a robust pipeline of de novo banking institutions, which they contend is crucial to a healthy overall national banking system. World Liberty Financial\u2019s footprint in the cryptocurrency space certainly opens it to higher levels of risk; the OCC appears to be weighing that risk against the need for greater competition in banking \u2014 especially as regional and national banks see increasing consolidation. The ties to the Trump family and political allies are certain to raise eyebrows and ire among financial industry watchdogs and lawmakers on Capitol Hill. (RELATED: Treasury Severs Ties With Federal Consulting Giant Over Trump Tax Return Leak)<\/strong><\/p>

Read more Mundane DOJ Memo On Post Office Gun Bans Is Actually Bigger Deal Than You Think<\/a><\/p>

The OCC official argued that overly cautious regulations since the 2008 financial crisis have essentially sent the message, \u201cThose seeking a federal bank charter and federal deposit insurance need not apply.\u201d They pointed to the steady decline in de novo charter approvals and applications as a concern for the agency \u2014 which saw fewer than four applicants a year between 2011 and 2014. The agency official stressed that subsequent congressional action has made it clear that the OCC should be seeking to increase de novo charter approvals. <\/p>

The Friday decision, however, isn\u2019t sitting well with everyone in the financial sector. <\/p>

Of especial concern is that crypto-aligned banks represent a similar exposure risk as Silicon Valley Bank (SVB), which collapsed after becoming overly reliant on technology sector clients and was unable to withstand a run on deposits. (RELATED: Regulators Shut Down Silicon Valley Bank After Stock Collapses)<\/strong><\/p>

The Caller reported in 2023 that the risk exposure was far more widespread than just SVB. Banking giant Goldman Sachs was the subject of a Securities and Exchange Commission (SEC) probe over its suspected role in the SVB collapse. <\/p>

Read more Inside The Left\u2019s Climate \u2018Lawfare\u2019 Gambit In Colorado<\/a><\/p><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

The Treasury Department announced the approval of a banking charter for World Liberty Financial Friday, a company founded by Trump family members.<\/p>\n","protected":false},"author":1,"featured_media":4478,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1536,3785,31,3784,584,3786],"class_list":["post-4480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting","tag-banking","tag-crypto-industry","tag-donald-trump","tag-occ","tag-regulations","tag-silicon-valley-bank"],"yoast_head":"\nWitkoff, Trump Family Crypto Firm Granted Conditional Bank Charter From Federal Regulator - Home Transfer Guide<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hometransferguide.com\/?p=4480\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Witkoff, Trump Family Crypto Firm Granted Conditional Bank Charter From Federal Regulator - Home Transfer Guide\" \/>\n<meta property=\"og:description\" content=\"The Treasury Department announced the approval of a banking charter for World Liberty Financial Friday, a company founded by Trump family members.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hometransferguide.com\/?p=4480\" \/>\n<meta property=\"og:site_name\" content=\"Home Transfer Guide\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-15T16:07:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hometransferguide.com\/wp-content\/uploads\/2026\/08\/fc30e4ee92abd116f8331175fb2ff91f.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=4480#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=4480\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/#\\\/schema\\\/person\\\/47c12a8611db56d3441574d894569529\"},\"headline\":\"Witkoff, Trump Family Crypto Firm Granted Conditional Bank Charter From Federal Regulator\",\"datePublished\":\"2026-08-15T16:07:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=4480\"},\"wordCount\":535,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=4480#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/hometransferguide.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/e31e7da69093841525f93f6eed4517ff.webp\",\"keywords\":[\"banking\",\"crypto industry\",\"donald trump\",\"occ\",\"regulations\",\"silicon valley bank\"],\"articleSection\":[\"Interesting\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/hometransferguide.com\\\/?p=4480#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=4480\",\"url\":\"https:\\\/\\\/hometransferguide.com\\\/?p=4480\",\"name\":\"Witkoff, Trump Family Crypto Firm Granted Conditional Bank Charter From Federal Regulator - Home Transfer Guide\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=4480#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=4480#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/hometransferguide.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/e31e7da69093841525f93f6eed4517ff.webp\",\"datePublished\":\"2026-08-15T16:07:26+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/#\\\/schema\\\/person\\\/47c12a8611db56d3441574d894569529\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=4480#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/hometransferguide.com\\\/?p=4480\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=4480#primaryimage\",\"url\":\"https:\\\/\\\/hometransferguide.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/e31e7da69093841525f93f6eed4517ff.webp\",\"contentUrl\":\"https:\\\/\\\/hometransferguide.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/e31e7da69093841525f93f6eed4517ff.webp\",\"width\":1280,\"height\":549},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=4480#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/hometransferguide.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Witkoff, Trump Family Crypto Firm Granted Conditional Bank Charter From Federal Regulator\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/#website\",\"url\":\"https:\\\/\\\/hometransferguide.com\\\/\",\"name\":\"Home Transfer Guide\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/hometransferguide.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/#\\\/schema\\\/person\\\/47c12a8611db56d3441574d894569529\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/hometransferguide.com\"],\"url\":\"https:\\\/\\\/hometransferguide.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Witkoff, Trump Family Crypto Firm Granted Conditional Bank Charter From Federal Regulator - Home Transfer Guide","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/hometransferguide.com\/?p=4480","og_locale":"en_US","og_type":"article","og_title":"Witkoff, Trump Family Crypto Firm Granted Conditional Bank Charter From Federal Regulator - Home Transfer Guide","og_description":"The Treasury Department announced the approval of a banking charter for World Liberty Financial Friday, a company founded by Trump family members.","og_url":"https:\/\/hometransferguide.com\/?p=4480","og_site_name":"Home Transfer Guide","article_published_time":"2026-08-15T16:07:26+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/hometransferguide.com\/wp-content\/uploads\/2026\/08\/fc30e4ee92abd116f8331175fb2ff91f.webp","type":"image\/webp"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/hometransferguide.com\/?p=4480#article","isPartOf":{"@id":"https:\/\/hometransferguide.com\/?p=4480"},"author":{"name":"admin","@id":"https:\/\/hometransferguide.com\/#\/schema\/person\/47c12a8611db56d3441574d894569529"},"headline":"Witkoff, Trump Family Crypto Firm Granted Conditional Bank Charter From Federal Regulator","datePublished":"2026-08-15T16:07:26+00:00","mainEntityOfPage":{"@id":"https:\/\/hometransferguide.com\/?p=4480"},"wordCount":535,"commentCount":0,"image":{"@id":"https:\/\/hometransferguide.com\/?p=4480#primaryimage"},"thumbnailUrl":"https:\/\/hometransferguide.com\/wp-content\/uploads\/2026\/08\/e31e7da69093841525f93f6eed4517ff.webp","keywords":["banking","crypto industry","donald trump","occ","regulations","silicon valley bank"],"articleSection":["Interesting"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/hometransferguide.com\/?p=4480#respond"]}]},{"@type":"WebPage","@id":"https:\/\/hometransferguide.com\/?p=4480","url":"https:\/\/hometransferguide.com\/?p=4480","name":"Witkoff, Trump Family Crypto Firm Granted Conditional Bank Charter From Federal Regulator - Home Transfer Guide","isPartOf":{"@id":"https:\/\/hometransferguide.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/hometransferguide.com\/?p=4480#primaryimage"},"image":{"@id":"https:\/\/hometransferguide.com\/?p=4480#primaryimage"},"thumbnailUrl":"https:\/\/hometransferguide.com\/wp-content\/uploads\/2026\/08\/e31e7da69093841525f93f6eed4517ff.webp","datePublished":"2026-08-15T16:07:26+00:00","author":{"@id":"https:\/\/hometransferguide.com\/#\/schema\/person\/47c12a8611db56d3441574d894569529"},"breadcrumb":{"@id":"https:\/\/hometransferguide.com\/?p=4480#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/hometransferguide.com\/?p=4480"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/hometransferguide.com\/?p=4480#primaryimage","url":"https:\/\/hometransferguide.com\/wp-content\/uploads\/2026\/08\/e31e7da69093841525f93f6eed4517ff.webp","contentUrl":"https:\/\/hometransferguide.com\/wp-content\/uploads\/2026\/08\/e31e7da69093841525f93f6eed4517ff.webp","width":1280,"height":549},{"@type":"BreadcrumbList","@id":"https:\/\/hometransferguide.com\/?p=4480#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/hometransferguide.com\/"},{"@type":"ListItem","position":2,"name":"Witkoff, Trump Family Crypto Firm Granted Conditional Bank Charter From Federal Regulator"}]},{"@type":"WebSite","@id":"https:\/\/hometransferguide.com\/#website","url":"https:\/\/hometransferguide.com\/","name":"Home Transfer Guide","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/hometransferguide.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/hometransferguide.com\/#\/schema\/person\/47c12a8611db56d3441574d894569529","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/hometransferguide.com"],"url":"https:\/\/hometransferguide.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/hometransferguide.com\/index.php?rest_route=\/wp\/v2\/posts\/4480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hometransferguide.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hometransferguide.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hometransferguide.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hometransferguide.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4480"}],"version-history":[{"count":0,"href":"https:\/\/hometransferguide.com\/index.php?rest_route=\/wp\/v2\/posts\/4480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hometransferguide.com\/index.php?rest_route=\/wp\/v2\/media\/4478"}],"wp:attachment":[{"href":"https:\/\/hometransferguide.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hometransferguide.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hometransferguide.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}