EXCLUSIVE — The nation’s top banking regulator is rejecting Sen. Elizabeth Warren’s (D-MA) request to halt a bank charter application for World Liberty Financial, the cryptocurrency group founded by President Donald Trump and his allies in 2024.
WLF, which currently describes itself as a “decentralized finance” cryptocurrency firm, filed an application on January 5 with the Office of the Comptroller of the Currency to be a national trust bank. The comptroller approving a charter for WLF would allow the firm to issue USD1, a stable coin backed by the dollar that hit a market cap exceeding $3 billion last year. WLF has served as a primary wealth asset for the Trump family since its founding during President Donald Trump’s campaign.
Warren, the ranking member on the
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