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Senator Warren Questions Erebor Crypto Bank Approval Process, Citing Political Concerns

GateNews
Regulation & PolicyEnforcement Actions

Gate News message, April 24 — U.S. Democratic Senator Elizabeth Warren raised questions about the regulatory approval process for cryptocurrency bank Erebor, citing concerns that the institution obtained a banking license within months. According to a fundraising document obtained by Warren’s office, the expedited timeline has sparked “serious concerns” about potential political involvement in the review process.

Erebor was co-founded by Palmer Luckey, founder of defense startup Anduril Industries, who has publicly disclosed donations to multiple pro-Trump groups. Warren has requested further clarification on the approval details from relevant authorities.

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