US Senator Warren calls for suspension of trust bank applications related to WLFI

US Senator and senior Democrat on the Senate Banking Committee, Elizabeth Warren, has called for a suspension of the US national trust banking license application related to World Liberty Trust Co. until Trump divests his family's stake in the related digital asset business. Warren has written to Jonathan Gould, the Director of the Office of the Superintendent of the Currency, requesting a delay in the application process while Trump still holds relevant interests, pointing out that if the application is approved, it may lead to serious conflicts of interest. The Senate Banking Committee is about to hold hearings on legislation on the structure of the cryptocurrency market, but the latest draft does not include the government ethics clause proposed by Democrats.