World Liberty Financial is pushing back against any notion that Donald Trump's sons have stepped away from the company. The firm said it's in the final stages of securing a bank charter from the Trump administration.
Trump sons' role
The company insisted that the president's sons remain active in the business. Public perception may suggest otherwise, but World Liberty Financial made clear the involvement hasn't changed. No details were given on what roles they hold or how their day-to-day participation looks.
Bank charter timeline
World Liberty Financial described the charter approval as being in its final stages. The process involves federal regulators under the current administration. It's unclear which specific agency is handling the application or how long the remaining steps will take. The company didn't disclose what type of charter it's seeking or what services it plans to offer.
The statement comes as regulatory scrutiny around Trump-linked businesses remains high. The administration's own oversight of financial institutions adds another layer to the situation. World Liberty Financial did not say whether the president himself has any direct role in the company's operations.
Neither the White House nor the Treasury Department responded to requests for comment. The company hasn't set a public deadline for the charter's approval.
