Trump-picked OCC head proceeds with consideration of WLF's bank charter

The Office of the Comptroller of the Currency said no political or personal financial ties will impact the procedural review of World Liberty Financial’s bank charter application.

The Office of the Comptroller of the Currency has knocked back US Senator Elizabeth Warren’s bid to pause the review of World Liberty Financial’s application for a national trust bank charter, a move she sought until US President Donald Trump divests his stake in the crypto platform.  

The OCC’s Jonathan Gould confirmed on Friday that WLF’s application will be evaluated under existing regulatory standards while emphasizing that no political or personal financial ties will impact the procedural review of the bank charter.

“The OCC intends to act consistent with this duty rather than your demand,” he said in response to Warren’s Jan. 14 letter.

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