Silvergate Capital Settles for $63 Million Amid SEC Allegations of Misleading Investors

The crypto-friendly bank Silvergate Capital Corporation has reached a $63 million settlement in the United States. The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Silvergate, which was liquidated last year, this Monday. The SEC alleged that Silvergate misled investors by claiming compliance with the Bank Secrecy Act and anti-money laundering laws despite

Source: CoinOtag