ChainCatcher reports that Senator Warren called the application “the most despicable” presidential corruption scandal, pointing out that an investment firm related to UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan invested $500 million in WLFI four days before Trump’s inauguration, gaining 49% equity, with approximately $187 million flowing to Trump family entities.
Warren urged Gould to reject or suspend the review of the application, stating that approval would make him “an accomplice in corruption.” Gould refused to intervene, saying he would handle the application through normal procedures, and countered that the only political pressure he felt came from Warren. Forty-one House Democrats previously wrote to the Treasury Secretary warning that approving the license could threaten “the legitimacy of the U.S. banking system and its independence from foreign actors.”
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