In a recent hearing by the House Financial Services Committee, Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC), defended his agency's stance on the bank charter application from World Liberty Financial, a crypto firm linked to former President Donald Trump. Gould asserted that the only political pressure he faces comes from Democrats, particularly in light of concerns over the firm's ties to foreign investors and past illicit activities. Gould's comments were made in response to Representative Gregory Meeks, who questioned whether he was serving the American public or acting as a 'Trump fixer.' The hearing also focused on stablecoin regulations, with the Federal Deposit Insurance Corporation (FDIC) announcing forthcoming rules requiring customer identification for stablecoin issuers. Meanwhile, Representative Brad Sherman voiced strong opposition to the use of stablecoins for government payments, arguing it could undermine the U.S. dollar. The discussion highlighted the ongoing regulatory challenges in the evolving crypto landscape, including the Federal Reserve's cautious approach to granting master accounts to crypto exchanges.