The OCC refused Senator Elizabeth Warren‘s request to pause World Liberty Financial‘s charter review. She sought the pause until President Donald Trump divested, citing founder listings and billions in paper wealth.
On Friday, Jonathan Gould of the OCC confirmed the agency would apply existing regulatory standards. He said the review will proceed without regard to political or personal ties.
He wrote that “The OCC intends to act consistent with this duty rather than your demand,” stressing impartiality. He also said “The OCC charter application process should be, and under my leadership will be, an apolitical and nonpartisan process.”
He added the application would face a “rigorous review.” World Liberty Financial filed the charter on Jan. 7 to broaden its crypto services. The firm seeks to issue, custody and convert the USD1 stablecoin internally instead of using third-party providers.
USD1 is the sixth-largest stablecoin, with about $4.2 billion in market capitalization. It launched in March 2025 and sees use in cross-border payments, settlement, and treasury operations.
National trust charters have been difficult for crypto firms to secure historically. In December the OCC granted conditional approvals to Circle, Ripple, Fidelity Digital Assets, BitGo, and Paxos.
