OCC Defends Stablecoin Rules Amid World Liberty Charter Scrutiny

Regulators face increasing pressure as they review applications for stablecoin issuers and bank charters. World Liberty Financial Inc., a crypto firm linked to President Donald Trump, is one such company under scrutiny.

The Office of the Comptroller of the Currency (OCC) has defended its handling of stablecoin rules and charter applications during a House Financial Services Committee hearing. Comptroller Jonathan Gould stated that the OCC would review World Liberty's application under existing charter laws and follow ethics rules.

Democratic lawmakers, including Representative Gregory Meeks, questioned the firm's ties to President Trump and his family, as well as its foreign investors and crypto partners. They argued that these relationships raise conflict concerns and may impact the regulator's impartiality.