Trump Sons' Crypto Venture Advances Toward a Bank Charter

By November 2025, World Liberty Financial, the crypto platform co-founded by Donald Trump Jr. and Eric Trump, was reported to be on track for approval of a national bank trust charter from the Office of the Comptroller of the Currency, headed by a Trump-nominated official. This access to formal banking infrastructure would mark a significant step for a family-linked crypto venture operating in a lightly regulated space.

The development matters because banking access is often the hardest resource for crypto firms to secure, and mainstream banks have historically been reluctant to serve them. A charter tied to regulators appointed by the president whose sons run the company raises conflict-of-interest concerns distinct from ordinary business success.

Critics say the arrangement reflects a broader pattern in which Trump family ventures receive regulatory treatment unavailable to arm's-length competitors. The administration has simultaneously pursued lighter crypto regulation generally, a policy that also benefits the family's expanding crypto holdings, which its 2025 financial disclosure showed generated over $1.4 billion in income.