Image: Eric Trump, Donald Trump Jr., and others ring the Nasdaq opening bell on August 13, 2025 in New York City.  (Photo by Spencer Platt/Getty Images)

Jake Johnson of Common Dreams reports: “The Office of the Comptroller of the Currency, a regulatory agency whose leader was chosen by President Donald Trump, granted preliminary approval on Friday to World Liberty Financial’s application for a federal bank charter.

World Liberty Financial is a crypto venture launched in 2024 by the president’s two eldest sons, Donald Trump Jr. and Eric Trump, and several partners. The firm’s website states that WLF is 38% owned by “an entity affiliated with Donald J. Trump and certain of his family members.”

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