Elizabeth Warren Slams World Liberty Financial Bank Charter as Corruption Scandal

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U.S. Senator Elizabeth Warren, never one to miss an opportunity to point out a financial mess, has voiced her disapproval of World Liberty Financial’s bold and somewhat dubious attempt to obtain a national bank charter. According to Warren, this move is not just a technicality but a full-blown corruption scandal that, naturally, ties back to President Donald Trump. Who else?

This has, unsurprisingly, sparked new concerns about everything from crypto regulations to foreign influence and political entanglements in the world of digital finance. Because what’s finance these days without a little scandal?

World Liberty Financial Bank Charter Application Faces Scrutiny

In a filing made on February 23, 2026, World Liberty Financial formally applied for a national trust bank charter through the Office of the Comptroller of the Currency (OCC), a process that sounds about as thrilling as watching paint dry. But let’s give it a shot, shall we?

This crypto firm, conveniently linked to Donald Trump and his family (naturally), plans to launch a dollar-pegged stablecoin, named USD1-because USD0.99 clearly wasn’t cutting it-and offer digital asset custody services. Perfect. Who doesn’t want to store their crypto in a bank that’s got a family connection to the former President?

During a Senate Banking Committee hearing, Warren grilled OCC Comptroller Jonathan Gould over the approval process. She pointed out that granting this charter would likely create a massive conflict of interest-if, of course, one considers a president’s family running a financial institution a ‘conflict of interest.’ She does, and she’s not shy about it.

The company’s cozy ties with Donald Trump Jr., Eric Trump, and other partners (Trump himself is listed as co-founder emeritus, whatever that means) further fuel Warren’s concern. But hey, what could go wrong? It’s not like they have any history of turning things into chaotic spectacles.

If approved, the bank charter would allow the company to operate under the same federal oversight as other national trust banks. Which might be fine, assuming we’re okay with the idea of federal oversight involving people whose interests may… overlap with the presidency.

$500 Million UAE Investment Raises National Security Concerns

Warren didn’t stop there. She also raised eyebrows about a reported $500 million investment tied to Aryam Investment 1, a vehicle linked to Sheikh Tahnoon bin Zayed Al Nahyan of the United Arab Emirates. You know, just a small change coming from someone with connections to the UAE’s ruling family.

Reports indicate that this investor bought a 49% stake in World Liberty Financial shortly before Trump’s inauguration-because timing is everything in shady financial dealings. Naturally, almost $187 million of that investment found its way into Trump family pockets. A coincidence? Warren doesn’t think so. She raised national security concerns, demanding full disclosure of anyone owning more than 10% of the company. Because transparency is always a good look, right?

BREAKING: Elizabeth Warren calls Trump-backed WLFI the “Worst Presidential #Crypto corruption scandal” and says 10%+ owners must be disclosed or the bank bid will be rejected.

– Pushpendra Singh Digital (@PushpendraTech) February 27, 2026

OCC Defends Review Process

Meanwhile, Comptroller Gould defended the OCC’s review process, reassuring everyone that applications are evaluated according to standard regulatory procedures. Not political pressure. Nope, none of that. The only political pressure he felt, apparently, was the one he experienced during the hearing itself. Sweet relief for the beleaguered regulator.

As for the final decision on the bank charter, it could have major implications for crypto markets and political accountability. Or, more likely, it will just be another day in the long saga of political finance shenanigans. Stay tuned for more excitement.

Oh, and by the way, World Liberty Financial’s WLFI token has seen a slight dip-nearly 30% over the past month. It’s now trading around $0.1145, which, in case you were wondering, is not exactly a stellar investment.

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2026-02-27 15:24