OCC chief says Democratic Party exerts only political pressure on World Liberty Bank bylaws.
2026-06-05 02:25:32
According to CoinWorld.com, Jonathan Gould, Chief Comptroller of the Currency (OCC), stated at a congressional hearing that the only political pressure the OCC felt regarding the decision on the articles of association for World Liberty Financial Inc., which has ties to Trump, came from the Democrats, not Trump himself. Gould's response was to a question from Gregory Meeks, the Democratic Representative for New York, who asked whether Gould was "working for the American people or acting as a fixer for Trump." Gould stated that the Democrats were concerned about World Liberty's external investors and its connections to crypto partners previously linked to illegal activities, deeming the company unsuitable for a U.S. bank articles of association. At the hearing, Gould reiterated that the OCC would process World Liberty's application in accordance with ethical and legal principles. The company is also a stablecoin issuer, and the hearing discussed guidance legislation for U.S. stablecoins.
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Source:CoinDesk
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