Elizabeth Warren Seeks Halt to World Liberty Bank Bid Over Trump’s Crypto Ties
US Senator Elizabeth Warren has pressed federal banking regulators to suspend their review of World Liberty Financial's application for a national bank charter. The move comes as President Donald TRUMP maintains direct financial ties to the crypto platform, raising concerns about conflicts of interest.
The debate unfolds against the backdrop of stablecoins gaining traction in the US financial system. Warren's letter to the Office of the Comptroller of the Currency underscores the political tensions surrounding the sector's regulation.
World Liberty Financial, co-founded by Trump and his sons, formally applied to operate a national trust bank supporting stablecoin services earlier this year. The situation highlights the growing intersection of politics and digital assets.