WLFI, tied to the Trump family, has applied for a U.S. national banking charter, indicating ambitions to integrate traditional banking with its cryptocurrency operations.
WLFI, a cryptocurrency venture linked to the Trump family, has filed an application for a national banking charter, according to the Wall Street Journal. This move follows its recent governance vote to allocate unlocked treasury funds toward incentives for USD1 adoption and its milestone of surpassing a $3 billion market capitalization. The application signals an effort to expand beyond digital assets into regulated banking services.