World Liberty Trust Company received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC), the U.S. national bank regulator, 220 days after WLTC Holdings filed its application on January 5. The August 14 approval, recorded in Corporate Decision #1385, took longer than any recent fintech or digital-asset charter reviewed by Bloomberg and exceeded the OCC’s 120-day target by roughly 94 days. The median approval time during the current administration was 126 days, compared with 176 days during the previous administration. The OCC’s letter records seven comments from four commenters, including concerns about conflicts of interest involving President Donald Trump and his family, the Witkoffs and Emirati investors, as well as CFIUS review, the Community Reinvestment Act, Bank Holding Company Act status, deposit insurance and the Emoluments Clause. The letter does not assign the timeline to any particular factor. World Liberty must raise $20 million in tier 1 capital, maintain 180 days of operating expenses in Eligible Liquid Assets and meet preopening requirements. The approval expires if capital is not raised within 12 months or the bank does not open within 18 months.