A national bank regulator granted a wing of the Trump family's crypto business conditional approval to establish a bank charter, opening the door for larger clients.

Aug 14 : A national U.S. bank regulator on Friday conditionally approved a bank charter application linked to President Donald Trump and his family’s crypto venture, World Liberty…

The Office of the Comptroller of the Currency said it granted "preliminary conditional approval" to World Liberty Trust Co. on Friday.

Final approval of the bank charter will not be granted until all pre-opening requirements are met, according to a letter from the OCC.