Erebor Crypto Bank Receives Conditional Federal Charter Approval from OCC - Banking Milestone

The U.S. Office of the Comptroller of the Currency has approved conditional national bank status for Erebor Bank, a technology-focused financial institution positioning itself to fill the void created by the 2023 collapse of several crypto-friendly banks including Silicon Valley Bank. OCC chief Jonathan Gould confirmed the Wednesday regulatory approval, marking a significant development for cryptocurrency banking infrastructure.