The Trump family coin has drawn the attention of Congress, and even the director of the OCC has been brought in for questioning—regulation of stablecoins is getting more and more difficult to handle.

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World Liberty hearing is tense, OCC chief denies pressure allegations
CoinWorld reports that World Liberty Financial has become a focus of congressional scrutiny due to its relationship with Trump. The Comptroller of the Currency, Gould, was questioned by the House Financial Services Committee regarding the application for the charter of the National Trust Bank. Democrats questioned whether there is a conflict of interest involving the Gould and the Trump family, and demanded ethical compliance. Gould denied being influenced by politics, saying that he would review in accordance with the charter’s law and comply with ethical rules. The hearing also discussed new customer identification rules for stablecoin issuers.
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