Warren urges halt to WLFI bank charter over Trump's conflict of interest

U.S. Senator Elizabeth Warren, a noted crypto opponent, has urged that the chartering process for a bank linked to World Liberty Financial (WLFI) be halted until President Donald Trump resolves his associated financial interests, CoinDesk reported. In a letter to Comptroller of the Currency Jonathan Gould, Warren described the situation as an unprecedented level of financial conflict of interest and potential for corruption. She argued that if the charter is approved, it could lead to rules that directly affect the profitability of the president's company, resulting in a structure where the president effectively oversees his own business. Warren also noted that because Congress failed to adequately address this issue during the passage of the Genius Act, the Senate must rectify the problem as it deliberates on a crypto market structure bill.