Warren seeks delay to World Liberty bank bid until Trump cuts ties
“We have never seen financial conflicts or corruption of this magnitude,” Senator Elizabeth Warren says of US President Donald Trump’s links to World Liberty Financial.
US Senator Elizabeth Warren is pressuring the country’s banking regulator to hold off on considering World Liberty Financial’s bid for a bank charter until US President Donald Trump divests his interest in the crypto platform.
In a letter on Tuesday, Warren asked Comptroller of the Currency, Jonathan Gould, to delay reviewing World Liberty’s application for a national trust bank until Trump “eliminates all financial conflicts of interest involving himself or his family and the company.”
“We have never seen financial conflicts or corruption of this magnitude,” Warren said. “The United States Congress failed to address them when it passed the GENIUS Act into law — so it is incumbent for the Senate to address these real and serious conflicts of interest as it considers crypto market structure legislation.”