“A First in History: A President Overseeing His Own Company”

In a letter addressed to Comptroller Jonathan Gould, Warren summarized her concerns bluntly:

“We have never seen financial conflicts or corruption of this magnitude,” she said, making waves in Washington circles.

Warren pointed to past instances where Gould reportedly dodged questions about Trump’s influence: “I have no confidence you will fairly evaluate this application according to legal standards.”

Her core objection is the risk that Trump could advantage his own company through appointees he controls. Warren insists the review should be paused until Trump divests all ties to World Liberty. How the OCC responds, while operating under a president with discretionary authority, remains to be seen.

WLTC Holdings and the USD1 Stablecoin Plan

World Liberty’s subsidiary, WLTC Holdings, filed a critical application with the OCC earlier this month. The submission seeks a “national trust bank” charter, authorizing the issuance, custody, and conversion of its own stablecoin, USD1.

According to SEC filings and other publicly available information, the platform represents billions of dollars of paper wealth for the Trump family. Warren emphasized her distrust of Gould:

“You will oversee functions that impact the profitability of the president’s company. In fact, for the first time in U.S. history, a president will supervise his own financial enterprise.”

Legislative Battles: GENIUS Act in Play

The legal backdrop stems from Trump’s GENIUS Act, enacted last year to regulate stablecoins. The legislation designates the OCC as the primary regulator for stablecoin issuers. Warren argues the law fails to prevent these types of conflicts, urging the Senate to close gaps in upcoming crypto market legislation.

Meanwhile, the Senate Banking Committee is set to review a new crypto bill Thursday. Drafts leaked Monday revealed Democratic ethics provisions were omitted, suggesting tougher negotiations ahead.

Industry Reactions and Political Risks

Concerns extend beyond politics. Crypto leaders like Cardano founder Charles Hoskinson have voiced distrust of the current political direction. Markets are interpreting Trump’s pro-crypto stance as overshadowed by personal enrichment.

Warren noted that prior warnings were dismissed as speculative during the summer. Now, the feared scenario has materialized: the president simultaneously setting rules and being subject to them, posing a serious threat to the integrity of federal banking oversight.

Going forward, attention is on the Senate Banking Committee’s upcoming session and the OCC’s response under this political pressure.

The post Warren Demands Halt on Trump’s World Liberty Bank Bid appeared first on Coin Engineer.

The company has already begun actively deploying the acquired Ethereum by staking it on the decentralized finance platform Aave. Following this move, the platform’s total ETH holdings have reached 73,616 tokens—equivalent to a portfolio valued at around $275 million at current market prices. 

ETH ETF Inflows Fuel Institutional Demand 

On the same day, spot Ethereum ETFs recorded $533.9 million in net inflows, while spot Bitcoin ETFs saw outflows of $67.9 million. This divergence highlights increasing investor interest in Ethereum over Bitcoin. 

Trump-backed World Liberty Financial has been steadily increasing its ETH investments in recent weeks. The firm recently acquired an additional 3,007 ETH for $10 million, with an average price of $3,325. It had also made another purchase of 1,587 ETH back in May. 

Meanwhile, the platform’s native token, WLFI, is expected to launch within two months. The project team recently announced that the “full awakening” phase is scheduled to roll out over 6–8 weeks. 

Ethereum Demand Grows with Institutional and Whale Activity 

Beyond World Liberty, several major players are accumulating ETH. SharpLink, Bitmine, and asset management giant BlackRock have recently expanded their Ethereum positions. 

Another notable initiative is Ether Machine, a new $1.6 billion ETH-focused project backed by heavyweights like Pantera Capital, Electric Capital, and Kraken. Additionally, Ethereum whales are showing signs of return: a dormant ICO whale recently reactivated their wallet after a decade of inactivity. 

World Liberty’s strategic ETH investments highlight the scale of institutional interest, which also had a visible market impact. Following the purchase, Ethereum’s price rose by 2% within 24 hours, reaching a daily high of $3,763.

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The post Trump-Backed World Liberty Makes $13M Bet on This Coin! appeared first on Coin Engineer.