Justin Sun maintained his individual claims against World Liberty Financial in open court after a California federal judge rejected the company’s attempt to force them into private arbitration on August 20. The dispute centers on the freezing of his WLFI tokens and the existence of tools that could restrict sales once tokens became transferable. Meanwhile, the Office of the Comptroller of the Currency granted preliminary conditional approval for World Liberty Trust Company, a national trust bank meant to issue USD1 and manage its reserves currently valued at approximately $4 billion. The approval remains conditional and the bank cannot commence operations until it satisfies pre-opening requirements, including at least $20 million in Tier 1 capital. Sun’s ongoing litigation may surface facts connecting WLFI token-control decisions to USD1 governance, testing the separation between entities before the OCC grants final authorization.
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