Cryptocurrency-friendly bank Erebor Bank obtains a national banking license in the United States

According to the Wall Street Journal, crypto-friendly bank Erebor Bank has become the first newly established bank to receive a national banking charter during Trump's second term.

The bank has a startup capital of $635 million and aims to fill the market gap left by the collapse of Silicon Valley Bank. Previously, it was reported that U.S. regulators approved the launch of the billionaire-backed new bank "Erebor."