"This is no longer just about a shady crypto deal, or a possible gift, when a foreign-linked investor is putting hundreds of millions of dollars into a company controlled by the president's family; and, at the same time, this president is conducting foreign policy with that country. You know what that creates? It creates a national security concern."
"So I'm not going to ask much of you, Mr. Secretary. I just want to know whether you will commit today to pause and heighten the scrutiny of any bank charter or licensing application at the OCC connected to the World Liberty Financial, until all of these conflicts of interest and foreign influence reviews are completed and shared with the United States Congress. All I need to know is, will you halt it and do a complete investigation and scrutiny of this license application?"
Treasury Secretary Scott Bessent appeared before the House Financial Services Committee to deliver the Financial Stability Oversight Council annual report and answer questions about the U.S. economy. Rep. Gregory Meeks raised concerns about alleged crypto dealings involving President Trump's family and foreign-linked investors, calling the situation a national security concern. Meeks demanded a commitment to pause and heighten scrutiny of any OCC bank charter or licensing application connected to World Liberty Financial until conflict-of-interest and foreign-influence reviews are completed and shared with Congress. Bessent noted the OCC's independence and referenced Meeks's 2006 Venezuela trip, prompting a heated exchange and shouting as time expired.
#house-financial-services-committee #treasury-secretary #crypto-deals #occ-licensing #national-security
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