At a Senate Banking Committee hearing, Democratic Senator Elizabeth Warren questioned Office of the Comptroller of the Currency (OCC) Director Jonathan Gould, calling for 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, a company associated with Tahnoon bin Zayed Al Nahyan, purchased a 49% stake in WLFI before Trump took office, with some funds flowing to the Trump family and related entities. Gould said he would process the application through standard procedures and stated that he has not been under political pressure other than from Warren. (Decrypt)
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At a Senate Banking Committee hearing, Democratic Senator Elizabeth Warren questioned Office of the Comptroller of the Currency (OCC) Director Jonathan Gould, calling for 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, a company associated with Tahnoon bin Zayed Al Nahyan, purchased a 49% stake in WLFI before Trump took office, with some funds flowing to the Trump family and related entities. Gould said he would process the application through standard procedures and stated that he has not been under political pressure other than from Warren. (Decrypt)