Elizabeth Warren Grills OCC Chief Over World Liberty’s Bank Charter Bid

During a Senate Banking Committee hearing, Senator Elizabeth Warren sought answers from Comptroller of the Currency Jonathan Gould regarding the bank charter application submitted by President Trump's crypto venture, World Liberty, which allegedly has ties to the UAE. Warren emphasized the risks of a potential conflict of interest and national security concerns should World Liberty, reportedly holding a 49% stake from the UAE, receive a charter without full transparency. Although Gould assured compliance with OCC protocols, he declined to provide details about the application. Warren, however, persisted in her call for an unredacted application to ensure transparency. This incident reflects wider apprehensions about crypto regulations and possible presidential conflicts in the issuance of bank charters amidst heightened oversight of the sector.