OCC Comptroller Faces Pressure Over Trump Family Crypto Charter
- Jonathan Gould, the Comptroller of the Currency, stated he has not received orders from President Trump regarding World Liberty Financial’s charter application.
- World Liberty Financial, co-founded by Donald Trump and his sons, applied for a national trust charter in January.
- Representative Gregory Meeks accused Gould of being “Trump’s fixer” during a House Financial Services Committee hearing.
- The OCC has previously approved charters for several crypto companies, including Coinbase and Ripple.
- Senator Elizabeth Warren expressed concerns about the eligibility of companies receiving approvals from the OCC.
The scrutiny over World Liberty’s application highlights potential conflicts of interest as it seeks to operate under a national trust charter, which would allow it to provide services without traditional banking regulations. The ongoing debate raises questions about regulatory fairness in the cryptocurrency sector.
Gould’s comments came amidst accusations from lawmakers about political pressure regarding World Liberty’s application, which could set a precedent for future crypto regulatory decisions. (Source)
