OCC Director: Only Political Pressure from Democrats Regarding World Liberty's Bank Charter Application

Odaily Odaily reported that the U.S. House Financial Services Committee held a hearing on banking regulation today, focusing on stablecoin rules and the bank charter application of World Liberty Financial, a crypto enterprise linked to the U.S. President.

Jonathan Gould, the Acting Comptroller of the Currency, stated during the hearing that the only political pressure his agency has felt regarding the decision on whether to grant a bank charter to World Liberty Financial has come from Democrats. He rejected allegations that he was following the President's directives. Additionally, Travis Hill, Chairman of the Federal Deposit Insurance Corporation (FDIC), stated that the agency will soon propose a rule requiring stablecoin issuers to implement customer identification procedures. (coindesk)