The Office of the Comptroller of the Currency (OCC) will continue to review World Liberty Financial's (WLF) national trust bank charter application under existing regulatory standards, according to Comptroller Jonathan Gould. This decision comes despite Senator Elizabeth Warren's request to halt the review. Gould emphasized that the evaluation process will remain unaffected by political factors or personal financial relationships, ensuring a rigorous assessment similar to other institutions. WLF submitted its application on January 7, aiming to independently issue, custody, and redeem its stablecoin USD1 upon approval.
OCC to Proceed with WLF's Bank Charter Application Despite Warren's Objection
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