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Bitcoin World 2024-07-03 06:33:01

Silvergate Settles SEC Lawsuit For $50 Million; Fed, California Regulator Demand $63 Million Fine

Silvergate Capital settled with the SEC for $50 million as Federal Reserve governors and California financial regulators demanded $63 million in fines on July 1. The SEC claimed Silvergate Capital, its subsidiary Silvergate Bank, and two executives misled investors about the strength of its BSA/AML compliance program and the monitoring of crypto customers, including the

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