bankcharter

🚨 BREAKING: U.S. Lawmakers Raise National Security Concerns Over Bank Charter Bid

Democratic members of the House Financial Services Committee, led by Representative Gregory W. Meeks (D-NY), have formally warned Scott Bessent about the proposed World Liberty Financial bank charter application.

In an official letter, they expressed concerns that the application could pose foreign-influence risks if approved — and they’re demanding clear answers and documentation.

This is a significant escalation in oversight from lawmakers, signaling heightened scrutiny of financial entities seeking federal banking charters.

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📌 What’s Behind the Concern

• Gregory W. Meeks is a top Democrat on financial oversight in Congress.
• The letter suggests possible foreign influence issues tied to World Liberty Financial’s ownership or operations.
• Lawmakers want documentation and explanations before any regulatory approval moves forward.
• The move reflects broader political skepticism toward financial firms perceived as connected to global interests.

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🧠 Why It Matters

✔️ A federal bank charter is a rare and powerful status in the U.S. financial system.
✔️ Congressional pushback may slow or block approval.
✔️ National security and foreign influence are increasingly central themes in U.S. financial regulation.
✔️ Ripple effects could impact investor confidence and regulatory strategy in financial innovation.

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🗞️ 🚨 Democrats, led by Rep. Gregory Meeks, warn Scott Bessent that World Liberty Financial’s bank charter bid may pose foreign-influence risks and are demanding answers from regulators.

#BankCharter #Congress #Regulation

$XAU $XAG

Forty-one House Democrats sent a formal letter to Treasury Secretary Scott Bessent demanding an investigation into World Liberty Financial's national trust bank charter application, citing the $500 million stake held by UAE royal Sheikh Tahnoon bin Zayed Al Nahyan—known as the "spy sheikh."

The letter, led by Rep. Gregory Meeks, argues that WLFI's charter bid creates systemic risk because digital-asset trust structures lack tested liquidity and resolution frameworks. It also raises national security concerns: a foreign government-linked investor holding major equity in a company controlled by the president's family while Trump conducts foreign policy with that country.

Bessent refused to pause the OCC review during contentious testimony earlier this month. The letter demands answers by Feb 26 on safeguards preventing foreign leverage over U.S. financial infrastructure and what role the White House plays in OCC chartering decisions.

#WLFI #Treasury #BankCharter #UAE #NationalSecurity $WLFI $USD1

🚨 BREAKING: U.S. REGULATORS BLOCK ELIZABETH WARREN'S MOVE TO PAUSE REVIEW OF WORLD LIBERTY FINANCIAL’S BANK CHARTER 🚫

OCC SAYS PROCESS WILL REMAIN "APOLITICAL AND NONPARTISAN" 🔥

#ElizabethWarren #Trump #WorldLibertyFinancial #OCC #BankCharter