Overview
- Comptroller Jonathan Gould told Senator Elizabeth Warren he would entertain a request for senior Banking Committee leaders to confidentially review World Liberty Financial’s unredacted application.
- He refused to delay or deny the filing, saying the Office of the Comptroller of the Currency will process the bid as it processes all applications.
- Warren cited reporting that Aryam Investment 1, linked to UAE national security adviser Sheikh Tahnoon bin Zayed Al Nahyan, allegedly bought about 49% of the firm for roughly $500 million.
- World Liberty Financial said it has complied with disclosure rules and accused Democrats of smearing the company during a rigorous regulatory process.
- A national trust bank charter would allow the company to custody assets and settle payments but not take deposits or make loans, as 41 House Democrats press Treasury for additional scrutiny.