Palmer Luckey’s AI and Crypto-Focused Bank Wins Conditional Approval

Erebor, a new tech-focused bank to serve crypto and AI customers, has received conditional approval from the Office of the Comptroller of the Currency (OCC) to begin operations, according to a press release. The list of backers is a real who’s who of people who support President Donald Trump.

Erebor is based in Ohio and was founded by Palmer Luckey, the co-founder of military contractor Anduril and the VR headset company Oculus. Luckey, who’s worth $3.6 billion according to Forbes, first…