Warren Slams World Liberty Financial Bank Charter Application

U.S. Senator Elizabeth Warren has spoken out against World Liberty Financial's bid to obtain a national bank charter, highlighting concerns over corruption and conflict of interest.

The crypto firm, linked to President Donald Trump and his family, applied for the charter in February 2026 through the OCC. If approved, it would allow the company to operate under federal oversight similar to other national trust banks.

Warren's criticism centers around the potential connections between World Liberty Financial and foreign investors, including a reported $500 million investment tied to Sheikh Tahnoon bin Zayed Al Nahyan of the United Arab Emirates. She has called for full disclosure of anyone owning 10% or more of the company, raising national security and transparency questions.

OCC Comptroller Jonathan Gould defended the review process, stating that applications are evaluated under standard regulatory procedures, not political pressure. However, Warren's concerns highlight the potential implications of granting the charter, including the influence of foreign investment on US financial policy.