Crypto-Friendly Bank Erebor Bank Obtains U.S. National Banking License

Odaily News Crypto-friendly bank Erebor Bank has become the first newly established bank to receive a national banking license during Trump's second term. The bank has a startup capital of $635 million and aims to fill the market gap left by the collapse of Silicon Valley Bank.

Previous news indicated that U.S. regulators approved the launch of the new bank "Erebor," backed by billionaires. (The Wall Street Journal)