The Office of the Comptroller of the Currency will process the trust bank license application of World Liberty Financial Inc. through normal procedures. The company is a cryptocurrency firm, with some equity held by U.S. President Donald Trump. OCC Director Jonathan Guld rejected Senator Elizabeth Warren's request to delay the review until Trump divests, stating that the OCC has a responsibility to handle applications in a timely and fair manner. Warren criticized the decision, calling the review "a farce," and pointed out an unprecedented financial conflict of interest.
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The Office of the Comptroller of the Currency will process the trust bank license application of World Liberty Financial Inc. through normal procedures. The company is a cryptocurrency firm, with some equity held by U.S. President Donald Trump. OCC Director Jonathan Guld rejected Senator Elizabeth Warren's request to delay the review until Trump divests, stating that the OCC has a responsibility to handle applications in a timely and fair manner. Warren criticized the decision, calling the review "a farce," and pointed out an unprecedented financial conflict of interest.