CRYPTO BANK EREBOR APPROVED FOR BANK CHARTER

Summary from the TLDR Crypto newsletter

The Office of the Comptroller of the Currency granted conditional national bank status to Erebor Bank, a tech-oriented lender targeting technology companies and ultra-high-net-worth individuals using virtual currencies, with OCC chief Jonathan Gould calling it "proof that the OCC under my leadership does not impose blanket barriers to banks that want to engage in digital asset activities." The preliminary conditional approval marks the first new-bank charter under Gould's tenure and follows years of Anchorage Digital standing alone as the only crypto-oriented OCC-chartered bank since 2021, though multiple digital asset firms have recently moved to seek federal charters as Trump-appointed regulators reverse earlier government resistance.