TechFlow news, April 24: According to Bloomberg, U.S. Democratic Senator Elizabeth Warren has raised questions about the regulatory approval process for the cryptocurrency bank Erebor. A fundraising document obtained by Warren’s office reveals that the bank received its banking license within months—sparking “serious concerns” over whether political connections influenced the approval 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 now requested further details on the approval process from relevant parties.
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