1. United States
2. Calif.
3. Letter

Congress must stop the approval of a national bank trust charter for World Liberty Financial. If approved, this charter would allow the Trump family's company to independently issue its stablecoin directly to American consumers, settle financial transactions, and collect a fee on every single one — money flowing straight to the Trump family. A sitting president profiting from a federally sanctioned financial institution is not a gray area. It is a corruption of the financial regulatory system. The Americans for Financial Reform Education Fund has formally flagged that World Liberty Financial would be exempt from the liquidity requirements every legitimate bank must follow — rules that exist specifically to protect consumers from institutional failure. Waiving those requirements for a politically connected company while enforcing them on everyone else is indefensible. The OCC should not be rubber-stamping this application while Congress looks away. Hold hearings, demand a halt to this approval process, and close whatever regulatory gap is enabling this conflict of interest to advance unchallenged.