US Senator Warren Calls for Suspension of Trust Bank Applications Related to WLFI

U.S. Senator and senior Democrat on the Senate Banking Committee, Elizabeth Warren, has called for a halt to the national trust bank license application related to World Liberty Trust Co. until Trump divests his family's holdings in the relevant digital asset business. Warren has sent a letter to Acting Comptroller of the Currency Jonathan Gould, requesting a delay in the application process as long as Trump retains related interests, pointing out that approval could result in serious conflicts of interest. The Senate Banking Committee is about to hold a hearing on crypto market structure legislation, but the latest draft does not include government ethics provisions proposed by Democrats.