Federal Reserve Ends Enforcement Action Against Crypto-Friendly Bank Silvergate After Levying $43,000,000 Fine
July 27 2024 - 11:55AM
The Daily Hodl
The Federal Reserve is ending its enforcement action against
defunct crypto-friendly bank Silvergate after hitting the firm with
a multimillion-dollar fine. In a new press release, the Federal
Reserve says it’s dropping its enforcement action against the bank
after it fulfilled its promise to liquidate its reserves and pay
back all deposits to its customers. […]
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Federal Reserve Ends Enforcement Action Against Crypto-Friendly
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Action Against Crypto-Friendly Bank Silvergate After Levying
$43,000,000 Fine
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Federal Reserve Ends Enforcement Action Against
Crypto-Friendly Bank Silvergate After Levying $43,000,000 Fine
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