Elizabeth Warren questions crypto trust bank charters

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Senator Elizabeth Warren has raised concerns over the approval of national trust bank charters for cryptocurrency companies. In a letter to the Comptroller of the Currency, she argued that nine such approvals violated the National Bank Act.

Elizabeth Warren is questioning the legality of decisions made by the Office of the Comptroller of the Currency under Jonathan Gould. She specifically challenged approvals or conditional approvals for trust charters granted to several crypto firms, including Coinbase and Ripple.

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OCC official testifying before Congress on Democratic pressure regarding a crypto trust charter application
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OCC head says Democrats apply sole political pressure on World Liberty Charter

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The head of the Office of the Comptroller of the Currency told lawmakers Thursday that his agency faces political pressure only from Democrats over a trust charter application tied to President Donald Trump's family crypto firm.

Clarity act markup faces ethics and stablecoin hurdles

The Senate Banking Committee plans to mark up the CLARITY Act next week, but Democratic demands for conflict-of-interest rules and banking opposition to stablecoin rewards threaten to derail the effort. Negotiators reached a compromise on stablecoin yields earlier this month, yet banks argue the language still permits evasion. A long-delayed vote on the bill, which aims to clarify digital asset oversight between the SEC and CFTC, now hangs in the balance.

Senators Warren and Wyden question Lutnick on Tether loan

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Senators Elizabeth Warren and Ron Wyden have launched an inquiry into Commerce Secretary Howard Lutnick over a loan from Tether to a trust benefiting his children. The probe follows reports of an undisclosed sum borrowed by Dynasty Trust A. Details of the transaction remain unclear.

Jumanne, 16. Mwezi wa sita 2026, 08:17:23

Senators urge Treasury to include states in stablecoin oversight

Ijumaa, 29. Mwezi wa tano 2026, 08:22:49

Jamie Dimon criticizes Brian Armstrong over clarity act

Jumapili, 17. Mwezi wa tano 2026, 21:02:21

Senate committee advances digital asset clarity act

Ijumaa, 8. Mwezi wa tano 2026, 11:45:08

Kraken parent Payward applies for OCC national trust charter

Jumapili, 3. Mwezi wa tano 2026, 14:10:27

CoinDesk poll shows U.S. voters distrust Trump administration on crypto oversight

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