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Erebor Bank Wins US Green Light for Crypto and AI Startups: Report

October 15, 2025
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The U.S. has authorized Erebor Financial institution — a $275 million digital-first enterprise backed by Palmer Luckey and Peter Thiel — within the first main Trump-era nod to crypto-friendly banking. U.S. regulators granted preliminary approval to Erebor Financial institution, a brand new establishment based by Anduril’s Palmer Luckey and enterprise capitalist Joe Lonsdale, with help from Peter Thiel’s […]



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