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OCC defends review of World Liberty Financial's crypto bank charter amid political scrutiny.

Market News
05 Jun 2026
Crypto Briefing
View Source
Neutral
pluang ai news

Jonathan Gould, Comptroller of the Currency, defended the OCC's review process of World Liberty Financial's application for a national trust bank charter before Congress, pushing back against Democratic accusations of favoritism due to the firm's Trump ties. The charter would allow World Liberty Financial to issue a USD1 stablecoin and manage digital asset services, a significant move as the OCC has approved several crypto trust charters since late 2025. This development signals growing federal legitimacy for crypto firms, potentially reshaping the stablecoin market dominated by USDT and USDC. The review occurs alongside ongoing regulatory framework development under the GENIUS Act, which aims to set clear rules for stablecoin issuers.

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