{"id":2549021,"date":"2026-01-23T08:17:01","date_gmt":"2026-01-23T13:17:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-regulator-wont-pause-bank-review-for-trump-crypto-firm\/"},"modified":"2026-01-23T08:20:40","modified_gmt":"2026-01-23T13:20:40","slug":"trump-regulator-wont-pause-bank-review-for-trump-crypto-firm","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-regulator-wont-pause-bank-review-for-trump-crypto-firm\/","title":{"rendered":"Trump regulator won&#8217;t pause bank review for Trump crypto firm"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-regulator-wont-pause-bank-review-for-trump-crypto-firm%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2549021&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Teh Office of the Comptroller of the Currency (OCC) refused Sen. elizabeth Warren&#8217;s request to pause its review of World Liberty Financial&#8217;s (WLF) application for a <a href=\"https:\/\/amzn.to\/3YuVZYV\" >national trust bank charter<\/a>. WLF, a cryptocurrency firm founded by former President Donald Trump and allies in 2024, filed the application on january 5; an approved charter would enable the firm to issue USD1, a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/paypal-stock-surges-as-pledge-to-turn-leaner-keeps-crypto-concerns-at-bay\/\" title=\"PayPal stock soars as promise to become &quot;leaner&quot; eases worries about cryptocurrencies.\">dollar-backed stablecoin<\/a> that reached a market cap above $3 billion last year. Warren, the Senate Banking Committee&#8217;s ranking member, asked the OCC to halt the review until Trump fully divests to avoid conflicts of interest. Comptroller Jonathan Gould replied that the OCC must follow statutory timing requirements and the Administrative Procedure Act, and that the agency will review applications in a timely, apolitical, and nonpartisan manner. WLF has been a notable source of wealth for the Trump family-estimated at over $1 billion-and has drawn criticism over potential conflicts as the governance has supported cryptocurrencies. Reuters also reported WLF recently explored a partnership with Pakistan to use USD1 for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-and-russia-want-to-challenge-and-replace-the-u-s-dollar-with-brics-currencies\/\" title=\"China and Russia Want to Challenge and Replace the U.S. ... With BRICS Currencies\">cross-border payments<\/a>.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump regulator denies Warren&rsquo;s request to pause review of Trump family crypto group&rsquo;s bank application<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2480410\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><strong>EXCLUSIVE &mdash; <\/strong>The nation&rsquo;s top <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/banking\/\">banking<\/a> regulator is rejecting Sen. <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/elizabeth-warren\/\">Elizabeth Warren<\/a>&rsquo;s (D-MA) request to halt a bank charter application for World Liberty Financial, the cryptocurrency group founded by President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donal-trump\/\">Donald Trump<\/a> and his allies in 2024.<\/p>\n<p>WLF, which currently describes itself as a &ldquo;decentralized finance&rdquo; <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3846846\/crypto-market-plummets-china-tariff-shrinking-trump-portfolio\/\">cryptocurrency<\/a> firm, filed an application on <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/occ.gov\/topics\/charters-and-licensing\/digital-assets-licensing-applications\/world-liberty-trust-company.pdf\">January 5<\/a> with the Office of the Comptroller of the Currency to be a national trust bank. The comptroller approving a charter for WLF would allow the firm to issue USD1, a stable coin backed by the dollar that hit a market cap exceeding $3 billion last year. WLF has served as a primary wealth asset for the Trump family since its founding during President Donald Trump&rsquo;s campaign.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/4429149\/house-advances-government-funding-bills-as-johnson-appeases-gop-factions\/\">House advances government funding bills as Johnson appeases GOP factions<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/4429449\/bernie-sanders-says-fraud-in-minnesota-is-disgusting\/\">Bernie Sanders says fraud in Minnesota is &lsquo;disgusting&rsquo;<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/4429348\/house-tucks-repeal-500k-senate-arctic-frost-benefit-in-government-funding-bill\/\">House tucks repeal of $500,000 Senate &#8216;Arctic Frost&#8217; benefit in government funding bill<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Warren, the ranking member on the Senate Banking Committee, sent a letter to Comptroller of the Currency Jonathan Gould on January 13, urging his office to halt the review of WLF&rsquo;s application until Trump fully divests from the company and eliminates all potential conflicts of interest. She argued that failing to do so would allow, &ldquo;for the first time in history,&rdquo; the president of the United States be in charge of oversight for &ldquo;his own financial company.&rdquo;<\/p>\n<p>However, Gould, will send a letter back to Warren on Friday, a copy of which was obtained by the <em>Washington Examiner <\/em>Friday morning, stating that the independent agency &ldquo;is committed to following all applicable laws and regulations, including those governing the chartering application and review process, for all applications submitted for the OCC&rsquo;s consideration.&rdquo;<\/p>\n<p>&ldquo;There are statutory requirements providing that the OCC must act within a prescribed period of time,&nbsp;and the Administrative Procedure Act instructs courts to &lsquo;compel agency action unlawfully withheld or unreasonably delayed.&rsquo;&nbsp;Congress has made clear that the OCC has a duty to act on the applications it receives in a timely manner. The OCC intends to act consistent with this duty rather than your demand,&rdquo; the letter reads.<\/p>\n<p>Gould vowed to conduct OCC&rsquo;s charter reviews, for WLF and all other applications, in &ldquo;an apolitical and nonpartisan process.&rdquo;<\/p>\n<p>&ldquo;After decades of decline in the number of&nbsp;<em>de novo&nbsp;<\/em>charters, it is vital the OCC return to normal order,&rdquo; the letter concludes. &ldquo;This means adhering to the law and reviewing all applications, including applications to establish national banks, in an apolitical, nonpartisan and objective manner, supporting both innovative and traditional approaches to the very old business of banking.&rdquo;<\/p>\n<p>Warren&rsquo;s office did not respond to a request for comment.<\/p>\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/immigration\/4429865\/jd-vance-ice-officers-discipline-mistakes-justified\/\"><strong>VANCE: TRUMP ADMINISTRATION WILL, WHEN &lsquo;JUSTIFIED,&rsquo; DISCIPLINE ICE OFFICERS WHO MAKE MISTAKES<\/strong><\/a><\/p>\n<p>Since its founding, WLF has boosted the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3789633\/trump-family-gains-5-billion-crypto-trading-debut\/\">Trump family<\/a>&lsquo;s wealth by more than $1 billion and has consistently been pointed to by the president&rsquo;s critics as a significant conflict of interest given his administration&rsquo;s championing of cryptocurrencies.<\/p>\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.reuters.com\/business\/finance\/pakistan-partner-with-world-liberty-financial-dollar-linked-stablecoin-source-2026-01-14\/\">Reuters<\/a> reported one day after Warren originally petitioned Gould to halt the WLF review that the firm had partnered with Pakistan to &ldquo;explore using World Liberty&rsquo;s USD1 stablecoin for cross-border payments.&rdquo;<\/p>\n<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OCC rejects Warren pause on Trump crypto bank bid<\/p>\n","protected":false},"author":2645,"featured_media":2549022,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2023\/12\/3a28a4eda0c26bbf707da402d77ccfb1.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[71751,12577,10680,10520,3634],"class_list":["post-2549021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-bank-review","tag-cryptocurrency","tag-finance","tag-regulator","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2023\/12\/3a28a4eda0c26bbf707da402d77ccfb1.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2549021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2645"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2549021"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2549021\/revisions"}],"predecessor-version":[{"id":2549029,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2549021\/revisions\/2549029"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2549022"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2549021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2549021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2549021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}