BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Peter Thiel-Backed Erebor Secures Preliminary U.S. Banking Charter, Signaling Regulatory Shift for Crypto
Peter Thiel-Backed Erebor Secures Preliminary U.S. Banking Charter, Signaling Regulatory Shift for Crypto
18
2
BTCCSquare news:
Erebor, a financial services startup supported by billionaire Peter Thiel, has obtained conditional approval from the U.S. Office of the Comptroller of the Currency. The MOVE marks the first such charter granted under Comptroller Jonathan Gould and positions the firm to address the funding gap left by Silicon Valley Bank's collapse.
The company aims to serve early-stage startups in emerging tech and digital assets, though it must still clear compliance hurdles before launch. Gould emphasized the OCC's openness to permissible digital asset activities within banking frameworks, suggesting a potential thaw in regulatory resistance.
By:
