Why the OCC and GENIUS Act Are at the Center

[bonk]

The request centers on the role of the Office of the Comptroller of the Currency, which became the primary regulator for stablecoin issuers under the GENIUS Act signed into law last year. A World Liberty subsidiary, WLTC Holdings, recently applied for a national trust bank charter that would allow it to issue, custody, and convert its stablecoin, USD1.

Warren said she has “no confidence” Gould would be able to fairly assess the application, citing his prior refusal to explain how political influence from Trump would be prevented. She warned that the OCC could end up overseeing a financial company tied directly to the sitting president.

[lingriiddd]

hard to see how this gets reviewed “fairly” without everyone screaming bias