OCC Director: Only facing political pressure from Democrats regarding World Liberty's banking license application

Odaily Planet Daily News The U.S. House Financial Services Committee held a hearing today with bank regulators, focusing on stablecoin rules and the banking license application of World Liberty Financial, a crypto enterprise linked to the U.S. President.

Jonathan Gould, head of the Office of the Comptroller of the Currency (OCC), stated at the hearing that the only political pressure his agency has felt regarding the decision on whether to grant World Liberty Financial a banking license has come from the Democratic Party. He rejected allegations that he was following the President's directives. Additionally, Federal Deposit Insurance Corporation (FDIC) Chairman Travis Hill stated that a rule proposal requiring stablecoin issuers to implement customer identity verification procedures will be introduced soon. (coindesk)