OCC Faces Pressure Over Crypto Bank Bid Linked to President Trump

A contentious Senate hearing on prudential regulators has shed light on concerns surrounding World Liberty Financial's bank charter application. Citing foreign ownership and national security risks, Senator Elizabeth Warren pressed OCC Comptroller Jonathan Gould to reject or pause review of the application.

Gould refused to comply, stating that his agency would process the application as it would any other. This decision has sparked further scrutiny over President Trump's ties to the crypto industry.