Elizabeth Warren Urges Regulator to Freeze World Liberty Bank Bid Until Trump Cuts Crypto Ties

US Senator Elizabeth Warren has known as on federal banking regulators to pause their overview of World Liberty Financial’s utility for a nationwide financial institution constitution, arguing that the method shouldn’t transfer ahead whereas President Donald Trump maintains direct monetary ties to the crypto platform.

The request raises contemporary questions on conflicts of curiosity at a second when stablecoins are transferring deeper into the US monetary system and Washington is debating how far to go in regulating the sector.

Stablecoin Charter Puts OCC in Political Crosshairs, Warren Says

In a letter sent Tuesday to Jonathan Gould, the Comptroller of the Currency, Warren urged the Office of the Comptroller of the Currency to delay consideration of World Liberty Financial’s bid till Trump divests from the corporate and removes what she described as “actual and critical” monetary conflicts involving himself and his household.

*Source: Banking, Housing, and Urban Affairs*

Warren, the rating Democrat on the Senate Banking Committee, stated the state of affairs was now not hypothetical after a World Liberty subsidiary formally utilized on January 7, 2026, to function a nationwide belief financial institution designed to assist stablecoin companies.

World Liberty Financial was launched in 2024 and lists Trump and his sons Barron, Eric, and Donald Trump Jr. as co-founders.

The platform has grown rapidly, elevating greater than $550 million via token gross sales and launching a dollar-backed stablecoin, USD1, in March 2025.

USD1 has since expanded to an estimated $3.4 billion in market worth and has been utilized in high-profile transactions, including a $2 billion Binance investment by a third-party agency utilizing the token.

A World Liberty subsidiary, WLTC Holdings, filed for the charter that would allow it to issue, custody, and convert USD1 immediately underneath federal supervision.

Warren argued that the applying locations the OCC in an unprecedented place.

Under the National Innovation for US Stablecoins Act, or GENIUS Act, signed into law by Trump in July 2025, the OCC grew to become the first regulator for federally licensed stablecoin issuers.

That function contains approving charters, writing guidelines, supervising issuers, and implementing violations.

Warren stated that approving World Liberty’s utility would successfully make the president answerable for overseeing a monetary firm from which he and his household profit, whereas the regulator itself serves on the president’s pleasure.

Crypto Policy Debate Intensifies as Trump Family Ventures Expand

In a public report cited in Warren’s letter, Trump and his household have earned greater than $1 billion from World Liberty Financial and different crypto ventures.

Beyond World Liberty, the Trump household controls entities tied to an official Trump-branded meme coin launched on Solana in early 2025, several NFT collections that have generated millions in licensing income, and a Bitcoin mining company established by Trump’s sons final yr.

These ventures mark a pointy shift from Trump’s earlier skepticism of digital belongings and have been accompanied by a coverage agenda that has rolled again enforcement actions and positioned the US as a worldwide crypto hub.

The constitution submitting comes as regulators have proven better willingness to convey crypto companies underneath bank-style oversight.

In December, the OCC approved national trust bank charters for a number of digital asset corporations, together with BitGo, Circle, Paxos, Ripple, and others.

Trust banks can’t take deposits or make loans, however they’ll present custody and settlement companies, making them a sexy construction for stablecoin issuers in search of tighter integration with the standard monetary system.

Warren’s push additionally lands amid broader legislative friction. There are many efforts occurring in Congress, together with the Stop TRUMP in Crypto Act and the End Crypto Corruption Act, that purpose to limit elected officers and their households from proudly owning or making the most of digital belongings, however none have superior into legislation.

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