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Warren grills Gould over World Liberty charter application
Yahoo Finance· 2026-02-27 08:00
Core Viewpoint - Senator Elizabeth Warren is urging the Comptroller of the Currency, Jonathan Gould, to reject World Liberty Financial's application for a trust bank charter, suggesting that approval could implicate him in corruption related to the Trump family-led crypto firm [1][3]. Group 1: Application Details - World Liberty Financial (WLF) submitted an application to the OCC in January for a national trust bank charter, which would enable the company to provide digital asset custody and stablecoin conversion services, but it would not allow for deposit-taking [2]. - OCC regulations mandate that charter applicants disclose all shareholders with at least a 10% direct or indirect stake in the proposed bank, and failure to do so could lead to the application's dismissal [4]. Group 2: Disclosure Concerns - Warren questioned whether WLF disclosed that a United Arab Emirates company holds a 49% stake in the firm, which was acquired just before President Trump took office [3]. - Warren requested to see the unredacted charter application to verify that appropriate disclosures were made, but Gould stated he would follow established procedures and regulations without committing to sharing the document [5][6].