Today I take pen in hand to urge you to legislatively block the OCC from granting a national trust bank charter to World Liberty Financial. The Currency Controller’s office needs to testify under oath why this is being done at all.
This is a Trump family cryptocurrency startup that has already paid the president $57 million personally. Approving this charter would give a sitting president's private business the implicit backing of the federal government — something Corey Frayer of the Consumer Federation of America rightly called "unprecedented" and "outrageous."
The conflict of interest here is not subtle. The charter would allow World Liberty Financial to settle financial transactions like Venmo or PayPal, with the Trump family taking a cut of every one.
The company's entire brand is built on its Trump affiliation, and foreign governments have already poured massive investments into it, adding more corruption in the Executive branch.
Financial journalist Diana Henriques put it plainly: "It is functionally impossible to regulate a bank owned by the president."
That's not a theoretical risk — it's a direct threat to the integrity of the banking system. This charter must be stopped. Thank you.
First sent on June 17 by Mark
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