Eric Trump Posts Bald Eagle Emoji After World Liberty Financial Applies For National Trust Bank Charter

Core Viewpoint - World Liberty Financial, backed by President Donald Trump, has applied for a U.S. national banking license to issue and custody its dollar-pegged stablecoin, World Liberty Financial USD (USD1) [1][2]. Group 1: Company Developments - The subsidiary WLTC Holdings LLC has applied to establish World Liberty Trust Company, National Association, aimed at stablecoin operations [2]. - The proposed trust company will cater to institutional clients, including cryptocurrency exchanges and investment firms, and will manage the issuance and redemption of USD1, valued at $2.8 billion [3]. - The trust will also offer digital asset custody and stablecoin conversion services, allowing holders of other stablecoins to convert them into USD1 [3]. Group 2: Regulatory Compliance - World Liberty Financial stated that the trust bank will comply with the GENIUS Act and anti-money laundering laws [4]. Group 3: Family Involvement and Controversy - The Trump family has significant investments in World Liberty Financial, with nearly 22.5 billion tokens owned, valued at approximately $3.84 billion at the current price of $0.1709 per token [5][6]. - The family's involvement in the cryptocurrency sector has faced criticism, with Senator Elizabeth Warren labeling their financial gains from the WLFI token as "plain and simple" corruption [6].