Stop Special Financial Favors for the President's Crypto Company

I am writing to express deep concern regarding the Office of the Comptroller of the Currency’s (OCC) evaluation of a national trust bank charter for World Liberty Financial, a digital asset firm tied to President Donald Trump and his family. A federal banking charter is a profound privilege that must never be used as a political shortcut for personal enrichment. This application represents an unprecedented regulatory and ethical crisis: - Regulatory Arbitrage: By seeking a narrow trust charter, the firm intends to gain national banking privileges and coast-to-coast operations while evading the strict rules, capital requirements, and comprehensive oversight that full-service traditional banks must follow.  - Bypassing Local Safeguards: A federal charter grants federal preemption power, allowing the company to bypass state-level consumer protections and licensing requirements, leaving consumers reliant entirely on understaffed federal oversight. - Systemic Financial Risk: Trust charters lack FDIC insurance. If a multi-billion-dollar stablecoin platform collapses due to a hack or mismanaged reserves, it threatens to trigger systemic panic across the broader financial markets, leaving taxpayers to clean up the mess. - Crony Capitalism: For the first time in modern history, an appointee-led agency is processing a banking application that directly enriches a sitting President's family. This shatters American ethical norms—such as when President Jimmy Carter surrendered his family business to an independent blind trust in 1977 to avoid even the appearance of self-dealing. Whether viewed through the lens of consumer protection, free-market fairness, or basic ethics, the government should not grant specialized financial shortcuts to political insiders. I urge you to take the following immediate actions: 1. Demand an OCC Pause: Call on the OCC to freeze this evaluation until an independent, non-partisan review of the timeline and approval criteria is conducted. 2. Launch an Investigation: Initiate oversight hearings through the House Financial Services or Senate Banking Committees to ensure no political pressure was exerted on regulators. 3. Enforce Ethical Firewalls: Support legislation banning sitting executive branch officials and their immediate families from holding majority equity stakes in federally chartered financial institutions. 4. Close the Loophole: Support reforms preventing digital asset and stablecoin issuers from using narrow trust charters to bypass standard commercial banking regulations. Please stand up for everyday consumers, taxpayers, and market integrity by opposing this weaponization of our federal financial system.