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ScheerPost Staff As Elon Musk crossed the trillion-dollar threshold following SpaceX’s historic public offering, millions of Americans received a very different economic message: their paychecks are buying less. The juxtaposition could hardly be more stark. On the same week that Musk became the first person in history to accumulate a trillion-dollar fortune, new economic data […]

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“Congress should not wait while this nationwide expansion of gambling continues.”

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The Trump sons’ crypto scam is about to make their family even more money. World Liberty Financial, the decentralized finance platform co-founded by Eric and Donald Jr., will almost certainly be approved for a national bank trust charter, according to two former staffers at the Office of the Comptroller of the Currency who spoke with NOTUS Tuesday. It was “inconceivable” that World Liberty Financial wouldn’t be approved, one of the staffers told NOTUS. Jonathan Gould, the current Trump-nominated comptroller of the currency, is due to deliver his decision on World Liberty Financial’s application soon. He has previously eased restrictions and allowed for more crypto companies to receive bank charters.Receiving a national bank trust charter would allow World Liberty Financial to independently issue its USD1 stablecoin directly to American consumers, sidestep liquidity requirements, and settle financial transactions like platforms such as Venmo or Paypal—for which the Trump family could potentially receive a cut. David Wachsman, a spokesperson for World Liberty Financial, insisted to NOTUS that “none of its leadership or employees work for the U.S. government, and there are no conflicts of interest.” Eric and Donald Jr. are the company’s co-founders, while Barron serves as a “Web3 Ambassador,” and Donald Trump reigns as “chief crypto advocate.” The company has previously claimed that the president has not been involved in its business since he was reelected to the White House. But his family took even greater control over the company after his inauguration, asserting a claim to more than 75 percent of net revenue from token sales, and 60 percent from the firm’s operations. Trump owns 70 percent of an LLC that owns 38 percent of the shares in a holding company behind World Liberty Financial, according to the president’s most recent financial disclosures. The rest is managed by family members. In June 2025, Trump reported having earned $57 million from World Liberty Financial in 2024.