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Elizabeth Warren pressures OCC to temporarily halt WLFI license application, Gould says it will be handled normally
At a Senate Banking Committee hearing in the United States, Democratic Senator Elizabeth Warren questioned Office of the Comptroller of the Currency (OCC) Director Jonathan Gould, requesting a pause or rejection of the national trust bank license application for Trump-related crypto company World Liberty Financial (WLFI), citing its involvement in $500 million in UAE holdings and potential conflicts of interest. Warren stated that Aryam Investment 1, a company associated with Tahnoon bin Zayed Al Nahyan, purchased a 49% stake in WLFI before Trump’s inauguration, with some funds flowing to Trump’s family and related entities. Gould said he would process the application through standard procedures and claimed he was not under political pressure except from Warren. (Decrypt)