Washington, D.C. — The Office of the Comptroller of the Currency, led by Trump appointee Jonathan Gould, announced Friday that World Liberty Financial, the crypto venture controlled by the Trump family, is on track to receive a banking charter, letting it issue its USD1 stablecoin inside the United States without an intermediary. Trump made $65 million in 2025 selling shares in the venture, and his disclosures show nearly $600 million more from selling stablecoins and other digital assets through it. Senator Elizabeth Warren said the approval was “the most brazen act of self-dealing our system has ever seen.” House Republicans said nothing.
In response, Congressional Integrity Project Spokesperson Jeremy Funk released the following statement:
“This is a hundred times worse than the petty-ante bullshit Republicans like Jim Jordan and James Comer investigated during the last administration. But they can’t be bothered by Donald Trump’s out-in-the-open corruption because they’re partisan hacks. Comer and Jordan needed a fainting couch anytime Hunter Biden sold a painting. But now, federal regulators handed the Trump family crypto business a bank charter – which Trump will personally pocket hundreds of millions of dollars from – and it’s crickets from Congressional Republicans. But just wait until next year when Democrats have the oversight gavels in Congress. Accountability is coming.”
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