During a Senate Banking Committee hearing, Senator Elizabeth Warren pressed OCC head Jonathan Gould to halt or deny World Liberty Financial's (WLFI) national trust bank charter application. Warren highlighted potential conflicts of interest, citing a $500 million stake from UAE-linked Aryam Investment 1, which acquired 49% of WLFI before Trump's presidency. She alleged that some funds were directed to the Trump family and related entities. Gould stated the application would be processed as per standard procedures and noted no political pressure beyond Warren's inquiry.
Senator Warren Urges OCC to Deny Crypto Firm's Bank Charter Over Trump Ties
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