Warren urges OCC to delay review of World Liberty Financial trust charter

Beincrypto reports US Senator Elizabeth Warren has asked the Office of the Comptroller of the Currency to delay its review of a national trust bank charter application filed by World Liberty Financial (WLFI) until the President divests from the company. In a letter to OCC Comptroller Jonathan Gould, Warren said the application raises unprecedented conflicts of interest because of the Trump family’s involvement.

WLFI submitted the application last week through its subsidiary WLTC Holdings LLC to form the World Liberty Trust Company, National Association (WLTC), which would offer stablecoin services including the issuance and redemption of USD1, custody, and conversion operations under authority granted by the GENIUS Act of 2025.

The WLFI website lists the President as Co-Founder Emeritus and his sons Barron, Eric, and Donald Trump Jr. as co-founders; the senator wrote the family has “probably” earned more than $1 billion from WLFI and other cryptocurrency ventures. Warren said the OCC previously described the scenario as hypothetical and added, “Your dismissive response, and your willingness to rubber stamp the President’s dangerous agenda during your tenure as Comptroller, give me no confidence that you will fairly assess the application pursuant to the legal standard for approval.” Warren asked the OCC to commit in writing to delay its review until the President fully divests and set a January 20 deadline for a response.

Key Topics

Politics, Elizabeth Warren, World Liberty Financial, Occ, Genius Act, Stablecoin