Block the final approval of World Liberty Financial's federal bank charter. The OCC just granted preliminary approval to a crypto firm that is 38% owned by an entity tied to President Trump and his family — the same president who appointed the OCC's director. Sen. Elizabeth Warren said it plainly: "We have never seen financial conflicts or corruption of this magnitude." She's right, and Congress needs to act before this charter is finalized.
If approved, World Liberty Trust Company would let Trump's sons — Donald Jr. and Eric — directly issue their USD1 stablecoin and custody the dollar assets backing it. Trump himself already reaped $527 million from WLF token sales last year. The board would be chaired by the son of Trump's own Middle East envoy. This isn't a gray area. It's the president using a federal regulatory agency to hand his family a banking license. Use every tool available — hearings, legislation, public pressure — to stop it.
First sent on August 15 by Progressive Action
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