Democrats press OCC over Trump family’s stablecoin ties

U.S. Democratic senators Elizabeth Warren, Chris Van Hollen and Ron Wyden have called on Comptroller of the Currency of the OCC Jonathan Gould to address potential conflicts of interest involving President Donald Trump’s cryptocurrency ventures, Cointelegraph reported. In a letter, the lawmakers warned that the Trump family’s financial stake in the stablecoin USD1 could allow the president to influence federal crypto policy for personal gain, describing the situation as an “unprecedented conflict of interest” and a threat to financial stability.