ME News reported on January 25 (UTC+8) that the Office of the Comptroller of the Currency (OCC) stated that any political or personal financial relationships would not affect the review process for the Trump family's WLFI application for a banking license. Anti-crypto Senator Elizabeth Warren requested a suspension of the national trust bank license application for WLFI unless the Trump family sells its stake in WLFI, which the OCC has rejected. OCC's Auditor Jonathan Gould stated in a letter responding to Warren, "The OCC intends to fulfill this review responsibility rather than accommodate your request." For a long time, cryptocurrency companies have struggled to obtain a national trust bank license in the United States. However, there was a breakthrough last December when the OCC conditionally approved five digital asset institutions—Ripple, Circle, Paxos, BitGo, and Fidelity Digital Assets—to transition to federally chartered national trust banks. (Source: ME)
