OCC Responds to U.S. Senator's Inquiry: WLFI Bank Charter Application to Undergo Strict Review Under Current Regulatory Standards

The Office of the Comptroller of the Currency (OCC) has confirmed that World Liberty Financial's (WLF) application for a national trust bank charter will undergo a strict review under current regulatory standards. This move aims to address Senator Elizabeth Warren's earlier request to halt the review, as she questioned the project's potential to generate billions of dollars in "paper wealth" for former U.S. President Donald Trump and his children. OCC Chief Counsel Jonathan Gould emphasized that WLFI's application will be rigorously evaluated like any other application. (Cointelegraph)