The U.S. Senate Committee on Banking, Housing and Urban Affairs’ Ranking Member, Senator Elizabeth Warren, issued a statement criticising the Office of the Comptroller of the Currency (OCC) for proceeding with its review of a bank charter application submitted by World Liberty Financial, described as President Trump’s crypto company. She urged the OCC to delay the review until President Trump and his family divest from the company. Warren said the OCC’s review is a “sham” and raised concerns about “unprecedented” financial conflicts, noting that Comptroller Jonathan Gould “serves at the pleasure of President Trump.” She also argued that no crypto market structure legislation should pass Congress without guardrails to prevent corruption of this kind, and referenced prior outreach to the OCC in July 2025 and a follow-up letter in January 2026 pressing the agency to pause the charter review.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-01-23
U.S. Senate Committee on Banking, Housing and Urban Affairs’ Warren calls on the OCC to pause World Liberty Financial bank charter review over Trump conflict concerns
Senator Elizabeth Warren criticized the Office of the Comptroller of the Currency (OCC) for reviewing a bank charter application from World Liberty Financial, linked to President Trump, urging a delay until divestment by Trump and his family. She labeled the review a "sham," citing financial conflicts and called for legislative guardrails against such corruption, referencing prior communications with the OCC.