U.S. Senator Elizabeth Warren on Tuesday known as on federal regulators to halt the assessment of a nationwide financial institution constitution software tied to World Liberty Monetary (WLF), escalating a high-stakes conflict over ethics, stablecoin regulation, and the increasing function of crypto companies within the U.S. banking system. In a letter to Jonathan Gould, the Comptroller of the Forex, Elizabeth Warren urged the Workplace of the Comptroller of the Forex (OCC) to pause the method till potential battle of curiosity issues involving President Donald Trump are absolutely addressed.
Amid the controversy, executives at World Liberty Markets have pointed to early traction on the platform.
“Two days in, World Liberty Markets has surpassed $50mm in TVL.
Essentially the most encouraging half to this point has been the standard of suggestions and the way shortly customers are partaking with the product.
Nonetheless early, however a stable begin.”
— Zak Folkman, Co-founder & COO of the World Liberty Markets, wrote in a submit on X (previously Twitter). World Liberty Markets operates individually from World Liberty Monetary, which is searching for the financial institution constitution, however is affiliated with the broader World Liberty ecosystem.
Warren Urges OCC to Pause Constitution Evaluate
On the middle of the dispute is World Liberty Monetary (WLF), a crypto enterprise co-founded by Donald Trump that’s searching for a federal financial institution constitution by its subsidiary WLTC Holdings. The applying would enable World Liberty Monetary (WLF) to subject and handle deposits tied to USD1, the corporate’s stablecoin, and produce the agency underneath the supervisory umbrella of the Comptroller of the Forex.
In her letter, dated January 13, 2026, Senator Elizabeth Warren urged OCC Comptroller Jonathan Gould to delay assessment of World Liberty Monetary’s (WLF) nationwide belief financial institution constitution software, warning that it presents an “unprecedented” battle of curiosity as a result of the corporate was co-founded by President Donald Trump.
Warren wrote that the not too long ago enacted GENIUS Act of 2025, which made the OCC the first regulator of stablecoin issuers, didn’t ponder a situation by which the sitting president maintains a direct monetary stake in a agency searching for federal banking approval. She known as on the OCC to pause the method till Trump and his household divest from World Liberty Monetary (WLF) and requested a written dedication by January 20, arguing that approving the applying with out resolving these conflicts may undermine regulatory independence and public belief.
She known as for enhanced disclosures, unbiased oversight, and, if essential, divestiture by politically uncovered individuals linked to World Liberty Monetary (WLF).
The involvement of Donald Trump looms giant over the applying. As each U.S. president and a co-founder of World Liberty Monetary (WLF), Donald Trump occupies a twin function that Elizabeth Warren described as a textbook battle of curiosity.
Warren warned that approving a constitution underneath these circumstances may undermine public belief within the OCC and blur the road between govt energy and personal monetary achieve. References to Donald Trump and World Liberty Monetary (WLF) have fueled partisan debate inside the Senate Banking Committee, the place Democrats have urged warning whereas Republicans accuse Elizabeth Warren of politicizing monetary innovation.
World Liberty Monetary had earlier acknowledged that its proposed financial institution constitution would enable the corporate to consolidate the issuance, custody, and conversion of its USD1 stablecoin inside a single, extremely regulated entity, in keeping with feedback by co-founder Zach Witkoff.
A Precedent-Setting Determination for Stablecoins
The OCC has not publicly indicated whether or not it would grant Elizabeth Warren’s request for a delay. Any resolution can be carefully watched by lawmakers, regulators, and crypto companies, because it may set a precedent for a way politically linked candidates are handled underneath the GENIUS Act.
For now, the conflict between Elizabeth Warren and Donald Trump has turned the World Liberty Monetary (WLF) constitution bid right into a defining take a look at of ethics in authorities and the way forward for U.S. stablecoin regulation.