
Democratic lawmakers are pressing Treasury Secretary Bessent for details on OCC’s review of World Liberty Financial’s bank charter application amid transparency concerns on regulated crypto service approval.
House Democrats have called on Treasury Secretary Scott Bessent to clarify the Office of the Comptroller of the Currency’s ongoing review of World Liberty Financial’s trust bank license application. Approval would enable the Trump-linked firm to offer regulated financial and cryptocurrency services, yet the evaluation criteria and progress remain undisclosed. Lawmakers seek transparency in the process to ensure regulatory integrity and guard against potential political or foreign influence.