Warren Urges OCC to Halt Charter Bid Tied to Trump Family

Crypto News Regulation

Senator Warren Pushes OCC to Freeze Charter Bid Tied to Trump Family

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 14, 2026

Key Takeaways

Elizabeth Warren asks the OCC to halt World Liberty’s bank charter until Donald Trump and his family sever financial ties to the crypto firm;
Warren stated that Congress overlooked them when passing the GENIUS Act, which gave the OCC stablecoin oversight;
World Liberty seeks approval to issue USD1, but Warren doubts a fair review, citing potential bias at the OCC.

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

Senator Warren Pushes OCC to Freeze Charter Bid Tied to Trump Family

BITDEGREE IN YOUR SOCIAL FEED

US Senator Elizabeth Warren urged the Office of the Comptroller of the Currency (OCC) to pause consideration of World Liberty Financial's application for a national trust bank charter.

She emphasized that action should wait until President Donald Trump and his family sever their financial ties to the crypto firm.

Warren pointed to what she described as unprecedented financial entanglements. She noted that Congress had overlooked similar conflicts, particularly when passing the GENIUS Act. This law delegated primary stablecoin oversight to the OCC.

What is Ripple? Beginner-Friendly XRP Explainer (Animated)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

The OCC's charter under review was submitted earlier in January by World Liberty's subsidiary, WLTC Holdings. The permit, if approved, would authorize issuance, custody, and conversion of the stablecoin USD1.

The crypto platform lists President Trump and his sons, Barron, Eric, and Donald Trump Jr., as co-founders. Warren warned that allowing the application to progress could enable the regulation of a business closely tied to the president.

Warren stated, "We have never seen financial conflicts or corruption of this magnitude". She called attention to the extensive ties between the president's family and the crypto firm.

Warren added that she has "no confidence that you will fairly assess the application pursuant to the legal standard for approval".

She noted that Jonathan Gould, the OCC Comptroller, serves at the president's pleasure, which could create a potential for bias.

Recently, Paul Atkins, head of the US Securities and Exchange Commission (SEC), expected the crypto market structure bill to reach President Donald Trump for approval in 2026. What did he say? Read the full story.