The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval for World Liberty Financial’s application to establish a national trust bank, despite renewed political scrutiny over potential conflicts of interest. In a notice released Friday, the OCC said the approval would be subject to regulatory and policy requirements and would allow the company to operate as “World Liberty Trust Company, National Association.”

World Liberty’s charter application, according to the OCC, proposes activities including issuing U.S. dollar-backed stablecoins and providing custody services for digital assets tied to the firm’s USD1 token.

Key takeaways

• The OCC’s approval is conditional, meaning World Liberty must meet specific regulatory and policy requirements before fully moving forward.
• The bank would be authorized to issue U.S. dollar-backed stablecoins and custody digital assets related to the USD1 token, per the application described by the OCC.
• Criticism from lawmakers continues to center on alleged conflicts of interest involving World Liberty’s ties to President Donald Trump’s family and the OCC’s leadership.
• Senator Elizabeth Warren said she introduced new legislation after the OCC action, framing it as addressing “presidential corruption” concerns in banking.
• Meanwhile, the OCC has recently moved quickly on other crypto-related trust charter approvals under the Trump administration.

What the OCC approved—and the business scope

In its Friday notice, the OCC indicated that it acted in line with its statutory duties and ethical obligations regarding the application. The regulator said the conditional approval for World Liberty’s charter would permit the entity to function under the specified national trust bank title: World Liberty Trust Company, National Association.

As described in the notice, World Liberty’s plan includes issuing stablecoins backed by U.S. dollars and custodying digital assets associated with its USD1 token. The OCC characterized the decision as a pathway to operate as a trust bank while still requiring compliance with additional regulatory and policy terms.

The OCC’s notice also reflects the regulator’s process and oversight stance. Earlier, OCC Comptroller Jonathan Gould said the application would be reviewed through what he described as an “apolitical and nonpartisan process” after receiving a letter from Senator Elizabeth Warren.

Conflict-of-interest concerns drive the political backlash

The OCC decision landed amid heightened debate in Washington over potential entanglements between World Liberty and President Trump’s family. According to the reporting referenced in the OCC notice, the president and three of his sons are affiliated with World Liberty.

Separately, the OCC’s leadership has been at the center of attention: Gould was nominated by Trump in 2025. In addition, World Liberty’s own website reportedly stated that a Trump family entity controlled 38% of the company’s equity interests.

Senator Warren strongly criticized the OCC’s move. On Friday, she said she had introduced legislation aimed at stopping what she called “unprecedented corruption,” describing the OCC action as the “most brazen act of self-dealing” in the U.S. financial system. Warren and nine other senators introduced the “Ending Presidential Corruption in Banking Act” after the approval.

Legislative push follows a broader wave of OCC crypto approvals

World Liberty’s charter bid is not happening in isolation. The OCC has, under the Trump administration and Comptroller Gould, approved or conditionally approved multiple applications from crypto firms seeking trust charters to expand their U.S. services.

One recent example cited in earlier coverage is the agency’s December approvals related to Circle, Ripple Labs, Crypto.com, and Coinbase, following passage of the GENIUS stablecoin bill in Congress. Those actions form part of the backdrop for the current conditional approval—suggesting the regulator is continuing to move through crypto-focused charter applications.

That broader pace also helps explain why Warren and other lawmakers may view World Liberty’s approval as part of a larger governance concern, even as the OCC frames its conduct as consistent with legal and ethical obligations.

Congressional questions extend beyond the U.S.

In parallel with U.S. conflict-of-interest debates, lawmakers have also pushed for scrutiny of World Liberty’s ties to foreign entities and how those relationships could influence U.S. policy indirectly.

The article notes reporting that an Abu Dhabi investment company backed by Sheikh Tahnoon bin Zayed Al Nahyan—the UAE’s national security adviser—reportedly purchased a 49% stake in World Liberty in January 2025 for $500 million. It also references another UAE entity, MGX, which reportedly used World Liberty’s USD1 stablecoin to invest $2 billion in crypto exchange Binance.

Additional political attention followed because Trump later issued a presidential pardon for former Binance CEO Changpeng Zhao. A White House spokesperson, according to the reporting referenced here, has repeatedly said there were “no conflicts of interest” with Trump’s investments.

Taken together, the OCC’s conditional approval and the expanding congressional focus highlight a central tension for the crypto sector: regulators may continue to advance licensing frameworks for stablecoin and custody-related services, while lawmakers test whether governance safeguards are sufficient in cases involving closely held or politically connected interests.

For now, the OCC’s conditional approval means World Liberty can move closer to operating as a national trust bank, but the exact requirements attached to that approval—and how quickly they will be met—remain the immediate variables to watch. As Warren’s bill moves into the legislative process and scrutiny of World Liberty’s equity structure and cross-border relationships continues, the practical impact for future trust-charter applicants may depend as much on policy outcomes in Washington as on the regulator’s licensing decisions.

RIOT stock has climbed 4.7% to $19.91 after JPMorgan raised its Riot Platforms price target to $22 following the Bitcoin miner’s $9.1 billion data center agreement reportedly involving Anthropic.

JPMorgan sees momentum building at Riot Platforms

On Aug. 1, JPMorgan had increased its price target for Riot Platforms from $20 to $22 while keeping an Overweight rating on the Nasdaq-listed stock.

JPMorgan analysts said Riot was “building momentum” after securing its latest data center agreement at what the bank described as “attractive economics.” The analysts also said work connected to Riot’s existing lease with chipmaker AMD remained on schedule.

At $19.91, RIOT traded about 10.5% below JPMorgan’s revised target. The 4-hour chart showed the stock opening at $19.07, reaching $20.05 and falling as low as $18.90 before recovering.

Morgan Stanley has taken a more bullish position. On Aug. 13, the bank raised its RIOT target from $36 to $43 and retained an Overweight rating. The revised forecast sits more than 100% above the latest market price, although price targets represent analysts’ estimates rather than guaranteed outcomes.

Wall Street’s latest revisions followed a volatile week for RIOT. The stock surged after the large data center contract was announced, but some investors later booked profits, pulling the shares down to a Friday close of $19.02 before Monday’s recovery.

Riot’s $9.1 billion deal adds contracted AI revenue

Riot disclosed the 20-year agreement in an Aug. 10 filing with the U.S. Securities and Exchange Commission, identifying the customer only as a leading frontier AI company. Bloomberg later named Anthropic as the tenant, citing people familiar with the transaction, while Riot and Anthropic did not publicly confirm the customer’s identity.

As crypto.news previously covered the Anthropic deal, the agreement covers 191 megawatts of critical information technology capacity at Riot’s Rockdale campus in Texas. Riot expects to deliver the first 96 MW in December 2027 and another 95 MW by June 2028.

Under the initial term, which runs through June 2048, Riot expects the agreement to produce about $9.1 billion in contracted revenue. Two five-year extension options controlled by the tenant could increase the potential total to $16.1 billion.

Riot has projected cumulative net operating income of between $7.3 billion and $8.2 billion during the base term. Company filings classify both the revenue and income totals as forward-looking estimates because actual results depend on construction, financing, deployment, and operating performance.

To fund the first stage of construction, Riot secured a $573 million delayed-draw term loan arranged by Morgan Stanley. The company plans to use the financing while it works toward a permanent funding structure for the project.

Rockdale already has 700 MW of developed and energized power capacity, along with fiber and electrical systems built for large-scale Bitcoin mining. Riot has said it plans to convert the campus’s full gross capacity for data center customers over time.

The AMD lease gave Riot its first large tenant

Before the latest contract, AMD signed a 10-year, $311 million lease covering an initial 25 MW at Rockdale. Extension and expansion options could take its potential value to about $1 billion and increase AMD’s capacity to 200 MW.

AMD exercised its first 25 MW expansion option during the first quarter, bringing its contracted capacity to 50 MW. Adding the newer 191 MW agreement gives Riot 241 MW of critical IT capacity under signed Rockdale leases.

Riot’s first-quarter financial results showed $167.2 million in total revenue, up from $161.4 million a year earlier. Data center operations produced $33.2 million, including $32.2 million from tenant fit-out services and $900,000 from operating lease revenue.

For the second quarter, Riot reported $174.2 million in revenue, representing a 14% increase from the same period in 2025. Data center revenue accounted for $23.2 million of the quarterly total, leaving Bitcoin mining as the company’s main revenue source while the newer contracts move through construction.

Riot produced 1,473 Bitcoin during the first quarter, compared with 1,530 BTC a year earlier. According to the company, Bitcoin mining revenue declined to $111.9 million from $142.9 million as the average Bitcoin price fell and the global network hash rate increased.

The company also sold 3,778 BTC during the quarter. Its average mining cost, excluding depreciation, rose to $44,629 per Bitcoin, partly because the average global network hash rate increased by 24%.

Other listed miners have pursued similar contracts because their existing power supplies, land, and cooling systems can be adapted for AI computing. A June report on miners entering AI infrastructure found that public Bitcoin mining companies had announced more than $70 billion in AI and high-performance computing contracts.

RIOT stock must reclaim $20.48

RIOT’s 4-hour chart shows that the latest 4.7% recovery began after the stock approached the lower Bollinger Band at $18.50. Buyers lifted the price from an intraday low of $18.90 to $19.91, but the stock remained below the indicator’s midpoint at $20.48.

Based on the chart, $20.48 serves as the first resistance level. A sustained move above it would bring the upper Bollinger Band at $22.47 into view, placing that level close to JPMorgan’s new $22 target.

Failure to clear the midpoint would leave RIOT exposed to another test of the $18.50 lower band. The stock has also formed lower highs since its late-June peak near $30, while recent candles show repeated moves on both sides of the $20 area.

The Average Directional Index stood at 15.52 on the 4-hour chart. An ADX reading below 20 generally indicates weak trend strength, so the indicator does not yet confirm a strong move in either direction.

Bitcoin added almost 1% to trade near $63,502 during the period, while 24-hour trading volume increased 68%. The move followed reports that the United States and Iran had agreed to extend a 60-day ceasefire.

NAVI Protocol has launched NAVI Prime, a Sui-based lending framework designed for funds seeking more clarity, transparency, and control over capital management.

NAVI Protocol said NAVI Prime was built for funds with more demanding requirements around clarity, transparency, and control. Deployed on the Sui blockchain, the framework provides lending infrastructure for institutions and professional capital.

Trump-linked World Liberty Financial has expanded its stablecoin reach through a partnership with Hong Kong-based AI platform WorldClaw. The arrangement gives WorldClaw users access to Chinese and American AI models while allowing payment through USD1. Meanwhile, the relationship raises questions about technology access and links involving companies facing U.S. restrictions across sensitive technology markets today.

WorldClaw offers about 90 models through its WorldRouter service, including 43 developed by Chinese companies. Those models include systems from Alibaba, Baidu, and Z.ai, while American providers include OpenAI and Anthropic across different commercial applications. Additionally, WorldRouter gives users access to models from DeepSeek and Moonshot, expanding its range of available AI systems.

WorldClaw accepts World Liberty Financial’s USD1 stablecoin for payments across its services online. However, the companies have not disclosed the financial terms governing their relationship or payments under the arrangement. World Liberty’s connection also extends through executive Ryan Fang, who advises WorldClaw on USD1 adoption and business partnerships involving users.

U.S. Restrictions Add Pressure To Model Access

Several Chinese developers available through WorldClaw face scrutiny or restrictions from U.S. authorities directly. The Pentagon has designated Alibaba and Baidu as Chinese military-linked companies, while Commerce Department restrictions affect Z.ai. Consequently, their presence on a single platform creates a complex link between U.S. users and restricted Chinese technology providers.

WorldClaw also offers DeepSeek and Moonshot models, which have faced allegations from U.S. officials involving intellectual property practices. Chinese authorities and affected companies have disputed those allegations and rejected claims of technology theft involving American developers. Nevertheless, access through a platform can differ from direct commercial dealings with restricted entities today.

U.S. individuals and companies can generally use Chinese AI models through available services. However, specific rules can restrict certain transactions involving companies placed on government lists and related entities. Therefore, the legal position can depend on the transaction, service structure, entity involved, and applicable U.S. restrictions.

World Liberty And WorldClaw Defend The Arrangement

WorldClaw says model access does not amount to support or approval of the companies that develop those systems. The platform also operates independently from World Liberty, according to its public position and stated business structure. Meanwhile, WorldClaw says it helps American AI companies reach customers beyond the United States.

World Liberty has defended the arrangement by pointing to broader industry practices involving multiple AI providers. The company says major American technology firms also offer access to both Chinese and American models through similar platforms. Additionally, the White House has rejected concerns about conflicts involving President Trump and World Liberty publicly.

WorldRouter reports more than 10,000 users and handles over 50 million requested tasks each day. Its privacy policy says user inputs may reach companies that provide the underlying models, depending on service requests. However, WorldClaw says it applies privacy and security measures across the platform as it manages those requests overall.

How strong was the earthquake?

AI is also emerging as a growing threat to crypto companies, giving attackers tools to find vulnerabilities faster, automate attacks and make phishing and social-engineering campaigns more convincing. That raises the stakes for an industry already a frequent target for hackers, while fueling a race to deploy the same technology on the defensive side.

Claude Mythos 5 is Anthropic’s most advanced model for defensive cybersecurity, designed to analyze code at scale, identify vulnerabilities and help developers fix them. Access has initially been limited to organizations that operate or defend critical infrastructure, as Anthropic works on safeguards for a broader rollout.

Payward argued that crypto platforms face security challenges similar to other critical financial infrastructure. Exchanges, custody systems and settlement rails operate around the clock and can present lucrative targets for attackers.

“Security has always been an unfair game. An attacker needs to find one flaw. A defender has to find all of them, first, every single day,” Payward co-CEO Arjun Sethi said in the release. “Frontier AI is the first thing that flips that asymmetry.”

Anthropic has said it plans to expand access to Mythos-class cybersecurity capabilities as it develops safeguards for wider use.

Read more: AI is making crypto security cheaper, faster and harder to ignore

Printr has started closing its token launch platform and will end all operations by Aug. 31 after failing to secure the capital and distribution support needed to continue.

Printr shutdown begins with automatic unstaking

Printr said in an official Aug. 17 X statement that the team had spent the past three months examining possible ways to keep the platform running. According to the company, none provided the funding and distribution backing required under current market conditions.

Starting Aug. 18, the platform will automatically unstake positions held through its supported blockchain integrations. Any staking rewards available for collection will also be claimed, with the assets sent back to the wallet address that originally supplied them.

Users do not need to submit a separate unstaking request under the process described by Printr. Once the returns are completed, the platform will suspend its staking feature and stop accepting new staking activity.

For positions that have not arrived by Aug. 20, Printr instructed affected users to contact its team through the project’s Discord server. Support will remain available only until Aug. 31, giving users a limited period to raise problems involving missing funds or incomplete reward claims.

The notice did not identify every supported chain covered by the automated process or provide separate completion times for each network. Blockchain congestion, unstaking periods, and protocol-level withdrawal rules can differ between chains, making the original wallet address and transaction history important for tracking each return.

Printr app will stop issuing new tokens

After Aug. 31, the Printr application interface will go offline, and users will no longer be able to create tokens through the platform. The company did not announce a buyer, replacement operator, migration process, or another product that would continue its token issuance service.

Tokens previously created through Printr will not disappear with the application. The team explained that each issued token is an independent on-chain asset and is not owned or controlled by Printr, allowing the contracts and balances to remain on their respective networks.

Continued on-chain existence, however, is separate from access to Printr’s interface. Holders may need blockchain explorers, self-custody wallets, or decentralized trading services that support the relevant chain and token contract after the application becomes unavailable.

The company also ruled out a token generation event and an airdrop after the shutdown. Printr users who accumulated points, used the platform, or expected a future distribution will therefore not receive a project token through either route.

No claim page will be opened for such a distribution under the published plan. Users should rely on Printr’s verified channels while the wind-down remains active, particularly because false claim links can seek wallet approvals or private information from communities affected by a project closure.

A similar warning appeared when decentralized exchange aggregator Odos ended its services in July. As earlier closure coverage reported, Odos told users that it would not open a migration page, claim portal, or airdrop during its shutdown and warned that messages offering such services were scams.

Printr raised $4.5 million before closing

The closure comes less than a year after Printr announced a $2 million seed extension that took its reported funding to $4.5 million. An October 2025 funding report listed Printr’s $2 million round among that week’s crypto investments.

Printr had previously raised $2.5 million in a pre-seed round in January 2025. Crypto.news reported the financing at the time alongside other investments in blockchain infrastructure, trading, and yield platforms.

Sfermion, Draper Dragon, Bitscale, Hermeneutic, the Sui Foundation, the Axelar Foundation, and the Flow Foundation participated in the earlier round, according to the funding announcement. Printr, later named Mantle EcoFund, Mirana Ventures, L1D, Sfermion, and Flowdesk among the backers of its $2 million extension, alongside angel investors linked to LayerZero and crypto trading communities.

At its October 2025 product launch, Printr presented itself as a chain-abstracted platform that allowed creators to issue tokens across multiple networks. Supported ecosystems included Ethereum, Solana, Base, BNB Chain, Mantle, and Sui, while Axelar and LayerZero supplied cross-chain infrastructure.

The service combined token creation with cross-chain swaps and bridging tools. Printr also offered a points and rewards program for creators, traders, and users who brought referrals to the platform.

Bybit Venture Studio incubated the project, while Printr announced partnerships with Mantle and Byreal when the product launched. Despite those funding rounds and relationships, the shutdown notice said the company could not obtain enough new capital and distribution support to maintain operations.

Returned rewards may create U.S. tax records

For American users, the automatic return of principal to the same wallet may not carry the same tax treatment as newly claimed staking rewards. The Internal Revenue Service treats digital assets as property and says income received from staking activities is taxable.

IRS guidance also requires taxpayers to keep records showing the date, quantity, and fair market value in U.S. dollars of digital assets received as income. Users whose pending rewards are claimed during Printr’s wind-down may therefore need transaction records showing when the assets reached their wallets and their value at that time.

Under the IRS instructions, transferring assets between wallets owned or controlled by the same person generally does not require a “Yes” answer to the digital-asset question by itself, unless crypto was used to pay a transaction fee. Receiving staking rewards is listed separately as reportable digital-asset activity.

Printr has not published country-specific instructions for the shutdown, so its Aug. 18 unstaking process and Aug. 20 support checkpoint apply according to the wallet-based timetable in its announcement. Another project facing closure, Step App, recently gave users a separate deadline to manage locked positions before services ended, with its shutdown schedule setting Aug. 21 as the final operating date and separate exchange withdrawal cutoffs for FITFI holders.