Deep Tide TechFlow News, January 14th, according to CoinDesk, U.S. Senator Elizabeth Warren sent a letter to Acting Comptroller of the Currency Jonathan Gould, requesting a suspension of the bank license application for World Liberty Trust Co. until President Donald Trump sells all ownership in his family's digital asset businesses. Warren pointed out that if the application is approved, Gould would establish rules that could affect the profitability of the president's companies, creating an unprecedented financial conflict of interest. As a senior Democrat on the Senate Banking Committee, Warren made this request ahead of the committee's planned review of cryptocurrency legislation on Thursday.
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Deep Tide TechFlow News, January 14th, according to CoinDesk, U.S. Senator Elizabeth Warren sent a letter to Acting Comptroller of the Currency Jonathan Gould, requesting a suspension of the bank license application for World Liberty Trust Co. until President Donald Trump sells all ownership in his family's digital asset businesses. Warren pointed out that if the application is approved, Gould would establish rules that could affect the profitability of the president's companies, creating an unprecedented financial conflict of interest. As a senior Democrat on the Senate Banking Committee, Warren made this request ahead of the committee's planned review of cryptocurrency legislation on Thursday.