Senators Demand Disclosure of World Liberty Financials' Beneficial Owners

US Senators Jack Reed and Andy Kim have written to the Office of the Comptroller of the Currency (OCC) requesting that they disclose the names of the ultimate beneficial owners of World Liberty Trust Company N.A.

The company, a cryptocurrency firm founded by President Trump's family in conjunction with Zach Witkoff and business partners Zachary Folkman and Chase Herro, has applied for a national trust charter designation to offer banking services tied to their digital token offerings.

The senators argue that the public has a right to know who benefits from investor cash being funneled into World Liberty, citing concerns over potential conflicts of interest. They point out that applications for charters from the OCC are supposed to be public, but the only information disclosed is that World Liberty Trust Company is 100% owned by an entity called WLTC Holdings, LLC.

The senators also mention reports that companies owned by a member of the Abu Dhabi royal family purchased 49% of World Liberty from President Trump's family and Steve Witkoff just days before the 2025 inauguration.