2026-01-14 02:02:41

Senior U.S. Senate Banking Committee member Elizabeth Warren recently wrote a letter to Office of the Comptroller of the Currency (OCC) Director Jonathan Gould, with a core request: do not approve the bank license application for World Liberty Financial (WLF) yet.

Warren explicitly pointed out in the letter that the background behind the WLF project is somewhat special — it was co-founded by Trump and two of his sons. The project had already submitted its bank license application materials to the OCC on January 7.

This is quite interesting. On one side, crypto financial projects want to obtain formal status, while on the other side, members of Congress are concerned about their background. This reflects the cautious attitude of U.S. regulators towards the financialization of cryptocurrencies.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
4
Repost
Share

Comment

0/400

YieldFarmRefugee

· 3h ago

Haha, Warren's move is really ruthless, directly blocking the door and preventing the investigation. This is what the crypto world fears the most — unable to get out even if you want to exit.

View OriginalReply0

TokenDustCollector

· 3h ago

Ha, this is a classic case of "one wants to get out, and the other stubbornly refuses to let them go."

View OriginalReply0

AllInDaddy

· 3h ago

The project run by the Trump family, Warren directly called it out. The political flavor is really strong, haha.

View OriginalReply0

GweiTooHigh

· 3h ago

Haha, Warren's move is indeed ruthless, but to be honest, WLF's background is indeed easy to attract attention.