Elizabeth Warren

The Office of the Comptroller of the Currency has granted preliminary conditional approval for World Liberty Trust Co. to operate as a national trust bank. The decision could allow the firm to take over issuance and custody functions tied to World Liberty Financial’s USD1 stablecoin, pending further requirements.

Digital asset legislation could face a harder path if Democrats gain control of key congressional committees in the next session. Several likely committee leaders have criticized crypto bills, raising the risk of delays, investigations, and narrower regulatory proposals.

Senators Elizabeth Warren and Richard Blumenthal have asked the SEC to investigate President Donald Trump’s $TRUMP memecoin after steep investor losses. The request lands as Senate negotiations over the Digital Asset Market Clarity Act remain stuck on ethics rules for government officials tied to crypto projects.

The Digital Asset Market Clarity Act is facing a deepening Senate fight over ethics limits aimed at senior government officials and President Donald Trump’s crypto interests. Democrats say the proposed restrictions are too weak, while the White House and Republican supporters argue the concessions are historic and should clear the way for passage.

Three U.S. Senate Democrats have intensified their opposition to the Digital Asset Market Clarity Act, arguing that the bill should not advance without strict limits on senior officials’ crypto activity. The dispute centers on President Donald Trump’s personal crypto ties and whether the legislation can attract enough Democratic support to clear the Senate’s 60-vote threshold.

The Digital Asset Market Clarity Act is drawing fresh scrutiny from critics who warn about national security risks. Supporters argue the bill would bring digital asset firms deeper into compliance frameworks and give investigators stronger tools to disrupt illicit finance.