U.S. Senator Warren Calls for Halt to WLFI Bank Charter Application Process Until Trump Family Divests Related Holdings
BlockBeats News, January 14th: U.S. Senator Elizabeth Warren called for a halt to the U.S. trust banking license application process for World Liberty Trust Co. until President Trump divests his family's holdings in related digital asset businesses.
Warren wrote to Jonathan Gould, the Acting Comptroller of the Currency, on Tuesday. Affiliated entities of World Liberty Financial Inc. are applying to the agency for a charter license that, if approved, would enable them to directly issue a USD-pegged stablecoin. In her letter, she asked Gould to delay the approval process while Trump still holds potentially conflicting interests. "We have never seen such a scale of financial conflict of interest or corruption issues," Warren wrote in the letter. "The U.S. Congress failed to address these issues when passing the GENIUS Act, so the Senate must take responsibility for addressing these real and serious conflicts of interest when considering legislation on the structure of the cryptocurrency market."
Warren is the lead Democratic senator on the Senate Banking Committee, which is scheduled to hold a hearing on the bill on Thursday. The draft of the bill released late Monday night does not yet include the government ethics provisions that Democratic senators had requested during lengthy negotiations. It remains unclear how this issue will be resolved as the committee prepares to consider amendments and potentially vote on advancing the bill to the full Senate.
You may also like

Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Vitalik wrote a proposal teaching you how to secretly use AI large models

On the eve of the explosion of on-chain options

WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.

One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition

That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze

Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path

Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"

Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments

From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units

Why is OpenAI playing catch-up to Claude Code instead?

Vitalik wrote a proposal teaching you how to secretly use AI large models

The doubling of Circle's stock price and the paradigm shift of stablecoins

Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report

On-Chain Options Explosion.ActionEvent

《Time》 Magazine Names Anthropic as the World's Most Disruptive Company

Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
Vitalik wrote a proposal teaching you how to secretly use AI large models
On the eve of the explosion of on-chain options
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.