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