Senior member of the U.S. Senate Banking Committee Elizabeth Warren has sent a letter to Acting Comptroller of the Currency Jonathan Gould, recommending a pause on the review of the bank license application for World Liberty Financial (WLF). Warren pointed out in the letter that this company was co-founded by the current U.S. President and his two sons and had submitted a license application to OCC on January 7.

This move reflects the cautious attitude of the U.S. legislative branch towards financial institutions involving political figures entering the traditional banking system. Warren's stance represents the concerns of some policymakers regarding the scrutiny of such financial entities with complex cross-shareholdings and political-business relationships. Regardless of the final outcome of the review, this case could serve as an important reference for future cryptocurrency-related companies applying for traditional financial licenses.