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Statement: AFREF Denounces World Liberty Financial Conditional Bank Charter Approval
The Office of the Comptroller of the Currency (OCC) exceeded its statutory authority and longstanding judicial precedent to unlawfully grant a conditional bank charter to a trust bank controlled by the Trump family crypto firm World Liberty Financial (WLF).
The Latest from AFR
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Big Tech, Crypto, and Wall Street Money is Flooding the Midterm Elections
Both the finance and tech sectors have spent heavily on Congressional primary and runoff races across the country in this election year. Two intertwined political action committees (PACs) — Fairshake, which focuses on cryptocurrency, and Leading the Future, which focuses on artificial intelligence (AI) — and their affiliates have been especially active. Both PAC networks…
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AFR in the News
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Roll Call: Crypto bill in limbo as stakeholders ramp up recess efforts
Mark Hays, associate director for crypto and fintech at Americans for Financial Reform and Demand Progress, is an opponent of the bill. The delay is both good and bad for his side, he said. “It signals a more difficult path [for the bill], but the door is left open for some sort of Hail Mary…
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CNN: ‘Brazen act of self-dealing.’ Lawmakers, watchdogs alarmed after Trump regulators let Trump firm start a bank
“Granting a bank charter to the First Family’s crypto firm poses unprecedented risks because it creates insurmountable conflicts of interest,” Patrick Woodall, managing director at Americans for Financial Reform Education Fund, said in a statement. “The Trump OCC cannot credibly or impartially supervise or examine the Trump family crypto bank, make sure it operates safely…
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American Banker: Trump-linked crypto firm gets OCC nod for trust bank charter
Americans for Financial Reform Education Fund, a consumer nonprofit lobbying group, published a statement opposing the conditional approval Friday evening “because WLF Trust will not fulfill the fiduciary requirement for trust bank charters, based on WLF’s business relationships with convicted money-launderers (some subsequently pardoned by Trump) and foreign investors.”
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2026 Polling: Voters deeply concerned about private equity’s impacts and influence
The newest poll from the bipartisan polling team Lake Research Partners and Chesapeake Beach Consultingi shows that voters across the political spectrum are concerned about private equity companies gaining control over large parts of the economy and want strong guardrails in place to protect people.
