Trump’s Crypto Bank Dreams: CFO Hunt & Warren’s Watch 🏦💸

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Key Highlights

  • World Liberty Financial, a Trump-backed venture, is crafting a crypto bank, World Liberty Trust Co., and hunting for a CFO like a man chasing a mirage in the desert.
  • The bank has submitted paperwork to the OCC for a national trust charter, promising to guard digital assets and expand its USD1 stablecoin-because nothing says “trust” like a Trump family business.
  • Senator Elizabeth Warren has thrown her hat into the ring, questioning whether this venture is a goldmine or a minefield of conflicts.

The Trump family’s crypto empire, World Liberty Financial, has birthed a new creature: World Liberty Trust Co., a proposed bank in search of a CFO. It’s like watching a circus act where the lion tamer also owns the lion’s insurance policy.

According to documents filed on January 5, 2026, the company has applied for a national trust charter with the Office of the Comptroller of the Currency (OCC). If approved, it would hold digital assets and mimic traditional banks-though one wonders if they’ll start offering FDIC-insured ponzi schemes.

“The proposed World Liberty Trust Company will have a world-class executive team befitting its station,” declared David Wachsman, spokesperson, as if describing a five-star restaurant in a town with no roads.

Regulators Open Doors, Cry Later

The CFO role remains a mystery, like the ending of a Shakespearean play you forgot to read. The company claims it’ll fill it “quickly,” which in crypto-speak probably means “when the market stops crashing.” This comes as U.S. regulators have become surprisingly accommodating, like a parent who just discovered their child’s art project is worth $1 billion.

Jonathan Gould, head of the OCC, recently declared at a policy meeting that creating new banks is a “key priority,” as if the U.S. banking system needed more drama. He added that crypto firms “should have a pathway to become federally supervised banks”-a statement that made investors clutch their wallets and senators clutch their coffee.

World Liberty Trust’s board will include Zachary Witkoff, CEO and son of co-founder Steven Witkoff, as chairman. Other members include Robert Witkoff and Scott Alper, a real estate executive who helped birth the USD1 stablecoin. Two independent directors, Jeffrey Weiner and Erin Baskett, will “provide oversight,” though their independence is about as guaranteed as a free lunch at a Trump rally.

Political Scrutiny: Because Everyone Loves a Scandal

The application has drawn the attention of critics, including Senator Elizabeth Warren, who warned of potential conflicts of interest. In other words, she’s asking if this is a business or a family reunion with a side of financial chicanery.

World Liberty Financial was founded months before the 2024 election by the Trump family and Steven Witkoff. Since then, it has minted tokens and stablecoins, swelling the family’s coffers like a gold rush in a gold-free zone.

World Liberty Trust claims it aims to “drive mainstream adoption” of USD1 and make digital assets safe for big investors. If approved, the bank would let the Trump family operate under federal supervision while offering services akin to traditional banks-though one suspects their version of “safe” involves a lot of legal loopholes and a few fireworks.

Additionally, this move could help crypto gain legitimacy-or at least prove that digital money can coexist with regular banks, much like how a flamingo coexists with a desert.

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2026-01-16 21:42