The Office of the Comptroller of the Currency has confirmed it will continue reviewing World Liberty Financial’s application for a national trust bank charter despite political concerns raised by lawmakers.
The regulator rejected a request from US Senator Elizabeth Warren to halt the process until US President Donald Trump divests his reported interest in the crypto platform.
The OCC said the review will proceed under existing regulatory standards that apply to all bank charter applications.
Jonathan Gould, the Trump-appointed head of the OCC, addressed the matter in a written response dated Friday.
The OCC intends to act consistent with this duty rather than your demand.
Jonathan Gould said.
The OCC charter application process should be, and under my leadership will be, an apolitical and nonpartisan process.
Jonathan Gould also added.
Gould added that World Liberty Financial’s submission would face the same level of scrutiny as any other applicant.
He described the assessment as a rigorous review designed to test governance, compliance, and financial resilience.