- Warren requested the OCC to cease reviewing purposes for World Liberty Monetary Financial institution, which is linked to Trump.
- Lawmakers have warned that approval might not directly permit the president to control his personal crypto companies.
- Stablecoin USD1 and the GENIUS Act increase considerations about battle and regulatory influence.
Elizabeth Warren is taking a tough line as Congress prepares for a significant committee vote on cryptocurrency regulation.
A Massachusetts senator is asking the Workplace of the Comptroller of the Foreign money (OCC) to droop the evaluation of financial institution purposes associated to Donald Trump till he totally divests and resolves all monetary disputes involving him, his household, and his firm.
On the heart of the controversy is World Liberty Monetary, a cryptocurrency firm co-founded by Trump and his two sons. Simply as new crypto market guidelines are being debated in Congress, the corporate has filed to kind a Nationwide Belief financial institution specializing in stablecoin companies.
Why Warren says it is a breaking level
Warren argues that the timing could not be worse. The present draft of the fee’s worth improve cryptocurrency market construction invoice doesn’t tackle President Trump’s private cryptocurrency disputes, although his firm is searching for approval from regulators that finally reply to the president.
Her warning is blunt. Approving the appliance now would additional erode public belief and doubtlessly plunge the OCC itself into unprecedented battle.
In a letter to Comptroller Jonathan Gould, Warren mentioned the questions he raised final yr had been now not “hypothetical.” The OCC declined to remark as a result of World Liberty Monetary was not below its oversight on the time. Nicely, that is proper.
The president regulates his personal enterprise?
Warren says the scenario is historic and alarming.
If the OCC approves the corporate’s banking constitution:
- The company will create guidelines that instantly influence Trump’s firm’s profitability.
- The OCC would oversee and implement the regulation in opposition to the identical corporations.
- Regulators can be doing so in response to the president’s needs.
“In impact,” Warren argues, a president will oversee his personal monetary firm for the primary time in U.S. historical past.
stablecoin angle
World Liberty Monetary was based in 2024 and launched a stablecoin referred to as USD1 in March 2025. Later that yr, Congress handed the GENIUS Act, which made the OCC the first regulator of federally licensed stablecoin issuers, and was signed into regulation by Trump himself.
In July 2025, Warren opposed the invoice, warning that it failed to stop the president and his household from taking advantage of stablecoins. She mentioned World Liberty Monetary’s present submitting proves these considerations are legitimate.
He and different Democratic senators additionally warned that the greenback was being utilized in high-profile worldwide transactions, creating new channels for international cash to movement into Trump-related companies.
Warren’s long-running crypto motion
This newest transfer matches into a well-recognized sample. Warren spent 2025 actively concentrating on Trump’s cryptocurrency actions.
She warned that Trump’s stablecoins pose a nationwide safety threat, accused Congress of enabling corruption, and pushed for federal investigations into crypto platforms linked to Trump.
On December 16, Warren requested Scott Bessent and Pam Bondi to launch a federal investigation into Trump’s cryptocurrency actions. She pointed to PancakeSwap and its position in selling Trump-related tokens, in addition to experiences that the platform dealt with funds tied to North Korean hackers.
Warren has requested a written dedication from the OCC to delay reviewing the corporate’s software till President Trump sells it fully, by January 20, 2026.
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