Senator Elizabeth Warren Demands Halt to Trump-Linked Digital Bank WLFI Application

U.S. Senator Elizabeth Warren is calling for federal regulators to immediately suspend the banking license application for WLFI, a digital asset bank reportedly tied to former President Donald Trump. Warren argues the review process must be paused until Trump fully divests his financial stake in the institution. This move highlights escalating regulatory scrutiny on the intersection of political figures and the cryptocurrency banking sector. Warren's demand underscores concerns over potential conflicts of interest and the integrity of the financial system as digital asset firms seek formal banking charters. The outcome could set a significant precedent for how regulators handle applications from entities with high-profile political connections.