The Office of the Comptroller of the Monet (OCC) has confirmed that it will continue to review the World Liberty Financial Institution’s (WLFI) application for a national bank charter, despite strong objections from US Senator Elizabeth Warren.
Warren had urged the regulator to immediately halt the process, arguing that WLFI’s reported ties to President Donald Trump and his family raise serious concerns about its political influence and the integrity of federal bank supervision. In response, OCC Comptroller Jonathan Gould said the agency is legally required to review all charter applications based on existing legal standards, regardless of political pressure.
BREAKING: 🇺🇸 US regulators have rejected Senator Elizabeth Warren’s request to pause World Liberty Financial’s bank charter review.
The OCC says the process will remain apolitical and impartial and will proceed normally. pic.twitter.com/ddNZ225uQb
— Conor Kenny (@conorfkenny) January 24, 2026
He emphasized that the OCC’s chartering process must remain apolitical and impartial, adding that WLFI’s application will undergo the same level of scrutiny as previous submissions. Warren rejected that statement, calling the review a “sham” and accusing Gould, who serves at the pleasure of the president, of refusing to delay the trial until Trump and his family divest from the company.
Supervision of regulations is becoming more intensive
The dispute comes as more and more crypto-focused companies try to enter the traditional banking system by acquiring national banking charters. Companies like Paxos, Circle and Ripple have already laid the groundwork, with Paxos applying for a license in mid-2025 and Ripple receiving conditional approval last December. These developments signal a broader shift in U.S. financial regulation, as crypto companies aim to operate with the same legal status as established banks.
The OCC’s evolving stance has made this possible, following recent policy changes that allow banks to facilitate crypto trading for customers and take custody of digital assets such as Bitcoin, Ethereum and XRP, including using them to pay network transaction fees. Against this backdrop, World Liberty Bank’s filing has become a flashpoint in the broader debate over crypto regulation, political influence and how far traditional banking rules should extend to the digital asset sector.
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