In brief
- Elizabeth Warren says the OCC illegally approved crypto bank charters that weaken banking safeguards.
- She argues firms like Coinbase and Ripple are acting like banks while avoiding required regulations.
- Warren also raised concerns about ties between the OCC and Donald Trump over a charter application linked to World Liberty Financial.
Sen. Elizabeth Warren (D-MA) is demanding answers from a key banking regulator that has, under the Trump administration, issued national trust bank charters to crypto companies.
In a letter sent Monday to Comptroller of the Currency Jonathan Gould, Warren argued these approvals violated the National Bank Act—and are now posing “serious risks” to the safety and soundness of the U.S. banking…
