Senate Dems Move to Block Banks Tied to President Amid Crypto Charter Scrutiny

Sen. Elizabeth Warren and nine Senate Democrats introduced the Ending Presidential Corruption in Banking Act to bar the president, vice president, their immediate family, and other top officials from owning or controlling banks after federal regulators gave preliminary approval to a Trump-linked crypto firm, World Liberty Trust Co., to operate as a charter bank that would issue and manage digital assets rather than take deposits or loans. Democrats say the decision poses conflicts of interest and risks to the financial system, while the White House maintains there are no conflicts and the company would be subject to ongoing regulatory oversight.