Warren Questions Luckey’s Erebor Over Bank Approval Process

Senator Elizabeth Warren is seeking more details about Erebor, a new crypto-focused bank co-founded by a prominent supporter of US President Donald Trump, after it secured regulatory approval earlier this year.

The Democratic senator from Massachusetts said a fundraising document her office obtained raises “serious concerns” about how the bank secured its charter within months and whether political connections sped up the process. Erebor was founded by individuals including Palmer Luckey, who is behind the defense startup Anduril Industries and has previously been vocal about his donations to pro-Trump groups.

Warren also sent a letter to Comptroller of ...