The Office of the Comptroller of the Currency stated that no political or personal financial ties will influence the review process of World Liberty Financial’s bank charter application. US Senator Elizabeth Warren’s request to pause the evaluation until President Trump divests from the crypto platform was rejected. WLF’s application will be assessed under existing regulatory standards.

Jonathan Gould from the OCC confirmed that WLF’s application will undergo a rigorous review, devoid of political influence. Warren criticized the involvement of President Trump and his sons as World Liberty founders, leading to billions in paper wealth for the family. WLF submitted the application to expand its crypto operations, including issuing its USD1 stablecoin in-house.

The USD1 stablecoin is widely used for cross-border payments and has a market capitalization of $4.2 billion since its launch in March 2025. The crypto industry has faced challenges in obtaining banking charters. However, in December, the OCC granted conditional approvals to Circle, Ripple, Fidelity Digital Assets, BitGo, and Paxos to expand crypto services into traditional finance.

National trust banking charters have been difficult for crypto companies to secure in the past. The recent approvals by the OCC signal a willingness to integrate crypto services into traditional finance. Cointelegraph remains committed to providing accurate and timely information in line with its Editorial Policy.

Read more at Cointelegraph: OCC Proceeds With Trump-backed WLF Bank Charter Application