Crypto-friendly bank Erebor Bank obtains US national banking license

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According to a report by the Wall Street Journal, Erebor Bank, a crypto-friendly bank, has become the first newly established bank to receive a national banking license during Trump's second term. The bank has raised $635 million in initial funding and aims to fill the market gap left by the collapse of Silicon Valley banks. Previously, it was reported that US regulators approved the launch of Erebor, a new bank backed by billionaires.

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