Unlock the White House Watch newsletter for free

Your guide to what Trump’s second term means for Washington, business and the world

A US banking regulator refused to share details about the application for a US bank licence by the Trump family’s crypto venture, which received a $500mn investment from an Abu Dhabi royal.

The head of the Office of the Comptroller of the Currency, which grants federal banking licences, rejected calls from members of the Senate banking committee on Thursday to share details of the application by World Liberty Financial and denied President Donald Trump had applied any pressure to secure approval.

Democratic members of the committee called on the OCC to say whether WLF had disclosed its sale of a 49 per…