US Senator Warren: Banking license applications related to WLFI should be suspended until Trump divests related assets.

PANews reported on January 14 that, according to CoinDesk, Senator Elizabeth Warren, a senior Democrat on the Senate Banking Committee, sent a letter to Jonathan Gould, Comptroller of the Currency (OCC), requesting a suspension of the trust banking license application related to World Liberty Financial until President Trump divests his family's stake in the digital asset business.

In her letter, Warren stated that if the application is approved, the rules set by the OCC will affect the profits of companies owned by the president, giving Trump regulatory power over his own business interests and constituting an "unprecedented conflict of interest in finance." She emphasized that such issues were not addressed when Congress passed the GENIUS Act, and therefore the Senate must address these serious conflicts of interest when considering legislation on crypto market structures. This appeal comes as the Senate Banking Committee plans to hold hearings on the crypto market structure bill this Thursday, and the draft bill leaked Monday night does not yet include the government ethics clauses demanded by Democrats during negotiations.