Senator Warren Calls for a Delay on World Liberty Financial Bank Charter
Senator Warren urged the OCC to delay World Liberty Financial's bank charter review due to conflicts of interest involving the President's family.Summary
US Senator Elizabeth Warren sent a letter to OCC Comptroller Jonathan Gould demanding a delay in the review of World Liberty Financial (WLFI)'s national trust bank charter application. Warren cited unprecedented conflicts of interest stemming from the Trump family's involvement, noting that President Trump is listed as Co-Founder Emeritus and his sons as co-founders. WLFI seeks to establish the World Liberty Trust Company to specialize in stablecoin services, including issuing USD1. Warren argued that approving the charter would place the OCC in the position of supervising and regulating the President's own financial company, potentially influencing its profitability. She criticized the OCC's previous dismissive response to her concerns and demanded written commitment by January 20th to delay the review until President Trump fully divests from WLFI and related interests to mitigate public concerns over presidential corruption.
(Source：BeInCrypto)