OCC chief says Democrats applying sole political pressure in World Liberty charter choice

The regulator rejected claims he's doing President Trump's bidding during a congressional hearing that also addressed the GENIUS Act stablecoin push. What to know : The House Financial Services Committee held a hearing with banking regulators that delved into stablecoin rules and the controversial bank-charter application from World Liberty Financial, the crypto firm tied to President Donald Trump and his family. Jonathan Gould, the head of the Office of the Comptroller of the Currency, rejected assertions that he's doing Trump's bidding in the charter process and said that the only political pressure on this point is coming from Democrats. The chief of the Federal Deposit Insurance Corp. said another stablecoin proposal is coming involving customer-identification programs.