Federal Reserve Ends Enforcement Action Against Crypto-Friendly Bank Silvergate After Levying $43,000,000 Fine
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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. The post Federal Reserve Ends Enforcement Action Against Crypto-Friendly Bank Silvergate After Levying $43,000,000 Fine appeared first on The Daily Hodl .
Source: The Daily Hodl
