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Erebor Bank Secures OCC Charter as First Crypto-Focused National Bank

Erebor Bank Secures OCC Charter as First Crypto-Focused National Bank

Author:

Global Cryptocurrency

Published:

2025-10-15 21:51:02

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BTCCSquare news:

The Office of the Comptroller of the Currency granted Erebor Bank a national charter, marking the first approval under Comptroller Jonathan Gould's tenure. The Columbus-based institution will service crypto firms, AI startups, and defense contractors—a watershed moment for digital asset banking legitimacy.

Regulators completed the review in just four months, far faster than traditional charter approvals. "This decision reflects our commitment to a dynamic banking system," Gould stated, emphasizing the OCC's openness to digital asset activities. Senator Elizabeth Warren condemned the MOVE as "a risky venture that could lead to taxpayer-funded bailouts."

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