US regulator grants Trump-linked crypto venture bank charter

A national bank regulator granted conditional approval for a Trump family crypto business to establish a bank charter.

Published Sun Aug 16 2026 03:22:45 GMT+0000 (Coordinated Universal Time)

A national bank regulator has granted conditional approval for a wing of the Trump family's crypto business, World Liberty Trust, to establish a bank charter, per ABC News. The move opens the door for the venture to serve larger clients.

The approval comes as other financial sectors face disruption. In maritime news, more ships have come under attack in the Strait of Hormuz, according to a Bloomberg report cited by gCaptain, as the U.S. vows to cripple Iran's economy amid ongoing talks to end a regional war.

Meanwhile, in the energy sector, electric aviation is not expected to eliminate jet fuel use but could capture the most profitable routes first, OilPrice.com reports. The analysis suggests a gradual shift rather than an immediate disruption to traditional fuel markets.

In political finance news, Donald Trump used his Truth Social platform to issue complete and total endorsements for the re-election of three Florida State Representatives: Kim Kendall of the 18th District, J.J. Grow of the 23rd District, and Jon Albert of the 48th District.

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Sources cited

• Electric Aviation Won't Kill Jet Fuel - But It Could Take the Best Routes First - Crude Oil Prices Today | OilPrice.com (Oil & Gas)
• Trump-linked crypto venture World Liberty Trust granted bank status (ABC News)
• Hormuz Ship Attacks Mount As US Vows To Cripple Iran Economy (gCaptain)
• State Representative Kim Kendall is a Strong Champion for the Great People of Florida’s 18th State House District! A Highly Respected Air Traffic Controller and Small Business Owner, prior to becoming a distinguished State Representative, Kim has dedicated her life to serving her Community. In the State House, she is working hard to Protect Florida Values, Grow our Economy, Cut Taxes and Regulations, Promote MADE IN THE U.S.A., Stop Migrant Crime, Strengthen our Military, Veterans, and Law Enforcement, Champion Parental Rights, Advance Election Integrity, and Defend our always under siege Second Amendment. Kim Kendall has my Complete and Total Endorsement for Re-Election — SHE WILL NEVER LET YOU DOWN! (Trump - Truth Social)
• State Representative J.J. Grow is doing a terrific job representing the incredible people of Florida’s 23rd State House District! A Successful Entrepreneur and Civic Leader, before his service in the State House, J.J. is a Proven Leader who has dedicated his life to serving his Community. In the State House, he is working hard to Protect Florida Values, Champion our Amazing Farmers and Ranchers, Grow the Economy, Cut Taxes and Regulations, Promote MADE IN THE U.S.A., Stop Migrant Crime, Strengthen our Military/Veterans, Advance Election Integrity, and Defend our always under siege Second Amendment. J.J. Grow has my Complete and Total Endorsement for Re-Election — HE WILL NEVER LET YOU DOWN! (Trump - Truth Social)
• State Representative Jon Albert is doing a tremendous job representing the wonderful people of Florida’s 48th State House District! From bravely fighting for the U.S. Marine Corps, to strongly representing his Community as Mayor of Frostproof, and now, as a Highly Respected State Representative, Jon has served his State, and our Nation, with distinction. In the State House, he is working tirelessly to Protect Florida Values, Grow our Economy, Cut Taxes and Regulations, Promote MADE IN THE U.S.A. and American Energy DOMINANCE, Safeguard our Elections, Stop Migrant Crime, Strengthen our Military/Veterans, and Defend our always under siege Second Amendment. Jon Albert has my Complete and Total Endorsement for Re-Election — HE WILL NEVER LET YOU DOWN! (Trump - Truth Social)