Stablecoin Issuer Paxos Follows Circle and Ripple in Applying for US Banking License
Stablecoin and tokenization firm Paxos has filed an application with the Office of the Comptroller of Currency (OCC) for a national trust charter, the firm announced on Monday. If approved, the application will upgrade the firm’s existing New York Department of Financial Services (NYDFS) charter, allowing it to conduct business across the United States. “The
Erebor Says Palmer Luckey’s “Political Network” Will Help With Regulators
Anduril founder Palmer Luckey’s new digital bank, Erebor, told prospective investors in a fundraising memo that it expects federal banking regulators to approve its plans by late 2025 — a speedy timeline that it says is possible because of Luckey’s “political network” and the bank’s close ties to regulators. The memo said the bank anticipated