Senator Elizabeth Warren pressed the Office of the Comptroller of the Currency (OCC) during a Senate Banking Committee hearing over a reported bank charter application linked to crypto venture World Liberty. Warren questioned whether a reported 49% stake tied to a United Arab Emirates investor was fully disclosed, citing regulatory requirements for transparency around major shareholders.
Comptroller Jonathan Gould declined to comment on any specific pending application but stated that the OCC would follow standard supervisory procedures. Warren argued that undisclosed foreign ownership above key thresholds could justify dismissal of a charter request and requested access to unredacted filings for congressional oversight review.
The exchange underscores rising political scrutiny at the intersection of crypto firms, banking licenses, and governance standards. Lawmakers framed the issue in terms of national security, disclosure compliance, and potential conflicts of interest, reflecting broader institutional debate over how digital asset companies integrate into the regulated US banking framework.
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