Democrats introduce bill to bar Trump family from bank ownership after OCC charter approval

Democrats introduce bill to bar Trump family from bank ownership after OCC charter approval

On 18 August, Senate Democrats introduced legislation in Washington, D. C. that would bar the president, vice president and their families from owning or controlling banks, after the Office of the Comptroller of the Currency gave a conditional charter to a Trump-linked crypto venture. The regulatory step occurred on 14 August, when the OCC granted a preliminary conditional approval to World Liberty Trust Company, a national trust bank tied to the crypto firm founded by Donald Trump Jr.

, Eric Trump and partners Zach and Steve Witkoff, allowing it to issue a U. S. dollar-pegged stablecoin. Lawmakers and ethics watchdogs criticized the decision as a potential conflict of interest.

Դերակատարներ

Office of the Comptroller of the Currency (OCC) World Liberty Trust Company, National Association World Liberty Financial Donald J. Trump Zach Witkoff Steve Witkoff

Տեղադրություններ

Bay Harbor Islands, Florida, United States Washington, D.C., United States

Հոդվածներ

Օգոստոս 18, 2026
1 ընդհանուր
Democrats seek to block a Trump-linked crypto bank
Democrats seek to block a Trump-linked crypto bank

Los Angeles Times • 18 Օգս 20:43

Senate Democrats have introduced legislation to prohibit the president, vice president and their families from owning or controlling banks, following the OCC's conditional approval of a Trump-linked crypto firm to obtain a banking charter.

Վստահելիություն 68% Մանիպ. 32% Կենտրոն
Օգոստոս 17, 2026
2 ընդհանուր
Treasury charters Trump-owned World Liberty Financial as a bank
Treasury charters Trump-owned World Liberty Financial as a bank

USA Today • 17 Օգս 20:28

The U.S. Treasury Department granted World Liberty Trust Company, co-founded by President Donald Trump, conditional approval to operate as a bank and issue a dollar-pegged stablecoin.

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‘Brazen act of self-dealing.’ Lawmakers, watchdogs alarmed after Trump regulators let Trump firm start a bank
‘Brazen act of self-dealing.’ Lawmakers, watchdogs alarmed after Trump regulators let Trump firm start a bank

cnn.com • 17 Օգս 17:46

Regulators appointed by President Trump have granted World Liberty Financial a preliminary conditional approval to become a trust bank, prompting criticism from lawmakers and ethics watchdogs over potential conflicts of interest.

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Օգոստոս 15, 2026
3 ընդհանուր
Trump-linked crypto venture World Liberty Trust granted bank status in unprecedented move for president
Trump-linked crypto venture World Liberty Trust granted bank status in unprecedented move for president

ABC News - Breaking News, Latest News and Videos • 15 Օգս 18:53

The Office of the Comptroller of the Currency approved a conditional bank charter for World Liberty Trust, a company partly owned by Donald Trump’s family, allowing it to issue a U.S. dollar-pegged stablecoin.

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'Brazen Act of Self-Dealing': Trump Regulator Approves Trump Family Crypto Firm's Bank Application
'Brazen Act of Self-Dealing': Trump Regulator Approves Trump Family Crypto Firm's Bank Application

Common Dreams • 15 Օգս 13:21

The Office of the Comptroller of the Currency gave conditional approval for World Liberty Financial, a crypto venture founded by Donald Trump Jr. and Eric Trump, to establish a national trust bank, prompting criticism from lawmakers.

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OCC approves World Liberty Financial national bank charter for USD1
OCC approves World Liberty Financial national bank charter for USD1

Fox Business • 15 Օգս 00:33

The Office of the Comptroller of the Currency granted provisional approval for World Liberty Trust Company, a national trust bank linked to a crypto venture partially owned by Donald Trump's family, to issue and manage a USD-1 stablecoin.

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