{"id":420807,"date":"2026-02-27T14:59:41","date_gmt":"2026-02-27T09:29:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/elizabeth-warren-occ-chief-spar-over-trump-linked-crypto-bank-bid-crypto-news\/"},"modified":"2026-02-27T16:17:52","modified_gmt":"2026-02-27T10:47:52","slug":"elizabeth-warren-occ-chief-spar-over-trump-linked-crypto-bank-bid-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/elizabeth-warren-occ-chief-spar-over-trump-linked-crypto-bank-bid-crypto-news\/","title":{"rendered":"Elizabeth Warren, OCC Chief Spar Over Trump-Linked Crypto Bank Bid &#8211; Crypto News"},"content":{"rendered":"<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<div class=\"pt-8 pb-10 border-t border-b border-decryptGridline \">\n<h4 class=\"sc-b2a202e4-4 bNRGqr gg-dark:text-white\" color=\"#333\">In brief<\/h4>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Warren pressed OCC Comptroller Jonathan Gould to share the unredacted charter application for World Liberty Financial, citing foreign ownership and national security risks.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Gould refused to delay or deny the application, saying he would process it &#8220;as we process all applications.\u201d<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Warren warned Gould that approving the charter would take him &#8220;from being a cheerleader for President Trump to an accomplice in his corruption.&#8221;<\/li>\n<\/ul>\n<\/div>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The nation&#8217;s top bank regulator refused Thursday to delay or deny a bank charter application from a President Trump-affiliated crypto company, even as an outspoken senator told him approving it would make him &#8220;an accomplice in his corruption.&#8221;<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">At a <\/span><span style=\"font-weight:400\">Senate Banking Committee <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=wHhO5hbFHiw\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\">hearing<\/a><\/span><span style=\"font-weight:400\"> on prudential regulators, Ranking Member Elizabeth Warren (D-Mass) pressed Jonathan Gould, Comptroller of the Currency, to either reject or pause review of <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/resources\/what-is-world-liberty-financial-the-trump-family-defi-project-explained\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">World Liberty Financial&#8217;s<\/span><\/a><span style=\"font-weight:400\"> pending national trust bank <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/353922\/world-liberty-financial-applies-for-occ-trust-bank-charter\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">charter<\/span><\/a><span style=\"font-weight:400\">.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Warren cited the UAE&#8217;s $500 million stake in the firm, Trump&#8217;s unresolved financial conflicts, and Gould&#8217;s own conflict of interest as a presidential appointee serving the same president whose company holds the application.<\/span><\/p>\n<p><iframe loading=\"lazy\" style=\"border:0\" src=\"https:\/\/myriad.markets\/embed\/market\/trump-s-approval-ratings\" width=\"100%\" height=\"415px\"><span data-mce-type=\"bookmark\" style=\"display:inline-block;width:0px;overflow:hidden;line-height:0\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">&#8220;President Trump&#8217;s crypto company is now at the center of perhaps the most disgraceful Presidential corruption scandal in U.S. history,&#8221; Warren said. &#8220;An American president who sells out our national security to make money for himself.&#8221;<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">When pressed on whether the regulator would deny or delay World Liberty\u2019s review, Gould declined, saying his agency would process the application &#8220;as we process all applications.&#8221;\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">&#8220;The only political pressure I have felt from any part of the U.S. government, Senator, is from you,&#8221; the OCC chief said.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">\u201cWell, it is pressure to follow the law,\u201d Warren retorted. \u201cIf you follow the law, you will reject the President\u2019s application.\u201d<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Warren cited a <\/span><i><span style=\"font-weight:400\">Wall Street Journal <\/span><\/i><span style=\"font-weight:400\">report showing Aryam Investment 1, a vehicle linked to Sheikh Tahnoon bin Zayed Al Nahyan, the UAE&#8217;s national security advisor known as the &#8220;Spy Sheikh,\u201d had allegedly <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/356591\/uae-royals-trump-crypto-venture-ethical-concerns\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">purchased a 49% stake<\/span><\/a><span style=\"font-weight:400\"> in WLFI for $500 million just four days before Trump&#8217;s inauguration.\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The deal allegedly directed roughly $187 million to Trump family entities and at least $31 million to Witkoff-linked entities, and within months, the administration reversed Biden-era restrictions to approve the UAE&#8217;s access to advanced AI chips that had been blocked over concerns they could reach China.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">\u201cIn a vacuum, a comptroller refusing to discuss a pending charter is just process, not scandal,\u201d Hong Kong Web3 Association co-chair Joshua Chu told <\/span><i><span style=\"font-weight:400\">Decrypt<\/span><\/i><span style=\"font-weight:400\">. \u201cHere, the applicant is the President\u2019s own crypto venture, bankrolled by foreign money (ironic if one is to consider the MAGA narrative), at a moment when his crypto base is already rattled by a brutal correction heading into the midterms.\u201d<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">He described the situation as a collapse of crypto\u2019s \u201csmart money\u201d ideal, saying there is \u201cnothing subtle about a foreign spy chief wiring hundreds of millions into the president\u2019s family token shop on the eve of his inauguration,\u201d noting it is not diversification but \u201cforeign policy written straight into a cap table.\u201d<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Earlier in the hearing, Warren pressed Gould on whether World Liberty disclosed that a company tied to the \u201cSpy Sheikh\u201d held a principal stake, noting that OCC rules require disclosure of any entity with a 10% or greater direct or indirect interest, with failure grounds for dismissal.<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Gould declined to confirm whether the disclosure was made, and when pressed, said: \u201cUnlike the last four years of the Biden administration, under President Trump\u2019s leadership, we are actually doing what we say we will do.\u201d<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">She asked Gould to share the unredacted application with her and Committee Chairman Tim Scott in camera, noting the Banking Committee&#8217;s oversight authority over the OCC, to which Gould said he would &#8220;be happy to entertain your request.&#8221;<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/358742\/house-dems-national-security-alarms-trump-family-crypto-bank-charter\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">Forty-one House Democrats wrote to<\/span><\/a><span style=\"font-weight:400\"> Treasury Secretary Scott Bessent last week, warning that approval of the charter could threaten &#8220;the legitimacy of the American banking system and its independence from foreign actors.&#8221;\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">Representative <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/decrypt.co\/357046\/ro-khanna-launches-probe-into-500m-uae-deal-with-trump-linked-world-liberty-financial\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\"><span style=\"font-weight:400\">Ro Khanna separately launched<\/span><\/a><span style=\"font-weight:400\"> a formal investigation earlier this month, urging federal prosecutors to scrutinize the UAE transaction and writing that &#8220;seemingly subordinating robust policy discussions to the President&#8217;s personal financial interests is unacceptable.&#8221;<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span style=\"font-weight:400\">The White House and World Liberty Financial did not respond to requests for comment.<\/span><\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl md:text-center gg-dark:text-white\">Daily Debrief<!-- --> Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In brief Warren pressed OCC Comptroller Jonathan Gould to share the unredacted charter application for World Liberty Financial, citing foreign ownership and national security risks. Gould refused to delay or deny the application, saying he would process it &#8220;as we process all applications.\u201d Warren warned Gould that approving the charter would take him &#8220;from being [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":420809,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-420807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/420807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=420807"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/420807\/revisions"}],"predecessor-version":[{"id":420810,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/420807\/revisions\/420810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/420809"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=420807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=420807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=420807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}