“The OCC says the trust-bank application tied to President Donald Trump-connected World Liberty Financial will move ahead without the senator’s requested pause.”, — write: www.coindesk.com
The Massachusetts lawmaker, who is the top Democrat on the Senate Banking Committee, has been scrapping with a federal bank regulator and others in Trump’s administration over his personal stake in a company set to be regulated by the federal agencies he controls. But Comptroller of the Currency Jonathan Gould said on Friday that he’ll follow the normal course of the application process with the application for World Liberty trust bank.
“Congress has made it clear that the OCC has a duty to act on the applications it receives in a timely manner,” Gould wrote to Warren in a letter. “The OCC intends to act consistently with this duty rather than your demand.” He said he intended for charter applications to be an “apolitical and nonpartisan process” in which the regulator will ensure that applicants meet standards and will comply with expectations.
“Comptroller Jonathan Gould — who serves at the pleasure of President Trump — is refusing to delay the review of World Liberty Financial’s bank charter application until Trump and his family divest from the company,” Warren said in a statement on Friday. “The OCC’s review is a sham. We have never seen financial conflicts of this magnitude and no crypto market structure legislation should pass Congress without guardrails to stop this kind of corruption.”
Last month, Gould — a former executive at blockchain business Bitfury — defended the trend of crypto firms seeking trust charters, which has drawn criticism from traditional bankers.
Read More: Senate’s Warren: WLFI-tied bank application should be halted until Trump divests
KuCoin captured a record share of centralized exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the broader crypto market.
- KuCoin recorded over $1.25 trillion in total trading volume in 2025equivalent to an average of roughly $114 billion per monthmarking its strongest year on record.
- This performance translated into an all-time high share of centralized exchange volumeas KuCoin’s activity expanded faster than aggregate CEX volumeswhich slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly spliteach exceeding $500 billion for the year, signaling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activityreinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activityindicating structurally higher user engagement rather than short-lived volume spikes.
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The latest draft of the major crypto legislation has begun to be targeted with amendments as the Senate Agriculture Committee approaches its hearing next week.
- Proposed amendments to the Senate Agriculture Committee’s crypto market structure bill have been posted, and the Democrats filing the pitches are seeking to push a number of the points they’ve sought over months of negotiation.
- Democrat amendments include proposals for banning senior government officials from profiting off of crypto interests and a demand for filling the Commodity Futures Trading Commission before new rules can be put in place.
- The committee’s markup hearing for the bill is currently scheduled for next week, although a winter storm threatens the US capital.
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