Elizabeth Warren Says Trump's Banking Regulator Looking Into His Family's Crypto Bank Application: 'The Public Deserves Transparency'

March 1, 2026 - 20:48

Senator Elizabeth Warren pressed the nation's top banking regulator for details on the Trump family's application to establish a stablecoin bank linked to their World Liberty Financial platform. During a Senate Banking Committee hearing, the Massachusetts Democrat questioned Acting Comptroller of the Currency Michael Hsu, emphasizing that the public deserves full transparency given the unique circumstances.

The application, which would allow the family's entity to issue stablecoins and operate as a federally chartered bank, has drawn significant scrutiny. Warren argued that the Office of the Comptroller of the Currency must apply the highest level of due diligence, citing potential conflicts of interest and the need to ensure all banking laws are strictly followed.

"The public deserves transparency on whether OCC is carrying out its duties," Warren stated, highlighting the necessity of a thorough and impartial review process. She stressed that all applications must be judged on their merits without special treatment, ensuring the integrity of the financial system. The regulator confirmed the application is under review but did not provide a timeline for a decision, committing to follow standard procedures in the evaluation.