Palmer Luckey’s new banking startup, **Erebor**, has obtained conditional approval from the U.S. Office of the Comptroller of the Currency to operate. The bank is designed to support both fiat and crypto flows, targeting tech founders and blockchain firms. While full clearance is pending further regulatory review, the move signals Washington’s gradual openness to crypto-friendly financial models. Erebor aims to bridge traditional banking and digital asset ecosystems, offering services like stablecoin deposits and crypto custody under bank supervision.