Old Glory Bank, a crypto-friendly financial institution, announced plans to go public through a merger with Digital Asset Acquisition Corp, a special purpose acquisition company (SPAC). Originally established in Oklahoma as a traditional bank, Old Glory transitioned to a digital bank in 2022. The bank aims to integrate cryptocurrencies into its loan, deposit, and investment products. The move is seen as a significant step in the convergence of cryptocurrency finance and political influence, as Old Glory reportedly maintains connections with several right-wing political figures in the U.S. This public offering marks a notable development in the integration of digital assets within traditional banking frameworks.