Warren Urges Delay on World Liberty’s Bank Charter

[bonk]

Elizabeth Warren is pressing federal banking regulators to pause consideration of World Liberty Financial’s bid for a bank charter. In a letter sent Tuesday, Warren asked Jonathan Gould to hold off on reviewing the application until Donald Trump divests any financial interest tied to the crypto platform.

Warren argued that the situation presents unprecedented conflicts of interest, noting that Trump and his sons are listed as co-founders of World Liberty. She said Congress failed to address these conflicts when passing the GENIUS Act, leaving it to regulators and lawmakers to ensure ethical guardrails as crypto legislation advances.

[lingriiddd]

having a sitting president tied to a stablecoin issuer is… not great optics