Senator Elizabeth Warren has called on the Office of the Comptroller of the Currency (OCC) to suspend its review of a bank license application by World Liberty Financial (WLF), a company co-founded by Trump and his two sons. In a letter to OCC head Jonathan Gould, Warren highlighted potential conflicts of interest, noting that the Trump family has reportedly profited over $1 billion from cryptocurrency ventures. She warned that proceeding with the review without Trump divesting his holdings in WLF could lead to unprecedented financial conflicts of interest, effectively allowing a president to oversee his own financial institution. Warren has requested a written commitment from the OCC to delay the review by January 20.
Elizabeth Warren Urges OCC to Halt Bank License Review for Trump-Linked Firm
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