News with the tag "Silvergate Bank"

BitGo has appointed Ben Reynolds, former president of Silvergate Bank, as managing director to lead the development and global expansion of its USD Standard stablecoin, aiming to enhance its presence in the digital asset market. The post BitGo Hires Former Silvergate President to Head Stablecoin Bus...

Silvergate Bank may have survived if not for pressure from U.S. regulators, according to Nic Carter, a partner at Castle Island Ventures. The post Silvergate Bank’s Demise: A Regulatory Move to “Decapitate” Crypto Industry, Claims Exec appeared first on TheCoinrise.com .

The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims to Castle Island Ventures partner Nic Carter.

Silvergate Bank’s Failure Linked to U.S. Regulatory Shift, Says Bankruptcy Filing A recent bankruptcy filing has claimed that the collapse of Silvergate Bank was largely the result of an abrupt shift in U.S. regulatory policy in 2023, according to a report from The Block. The filing, which comes fro...

Crypto evangelist Nic Carter has recently exposed how the Federal Reserve has played a crucial role in pushing the crypto-friendly Silvergate Bank to the path of bankruptcy. He added that as part of Operation Choke Point 2.0, Biden’s regulators – the Fed, FDIC, and OCC – systematically cracked down ...

The United States Federal Reserve has announced the termination of its enforcement action against Silvergate Bank alongside its holdings company Silvergate Capital Corporation. This year, the board of the central bank fined the institution $43 million over non-compliance with anti-money laundering (...

The cryptocurrency industry continues to grapple with the fallout from the FTX collapse, as new allegations surface regarding the role of traditional financial institutions in the scandal. In a startling development, Ryan Salame, a former executive at the defunct cryptocurrency exchange FTX, has com...

Silvergate Bank has been charged by the Securities and Exchange Commission (SEC) for misleading investors about the effectiveness of its Anti-Money Laundering (AML) compliance program. The post Silvergate Bank Sued for Inadequate Compliance Program appeared first on Cryptonews .

The Securities and Exchange Commission (SEC) has filed a lawsuit against Silvergate Bank for alleged securities fraud. The crypto-friendly bank failed to meet certain legal requirements including provisions in the Bank Secrecy Act and anti-money laundering regulations. Former Silvergate’s executives...

The U.S. Securities and Exchange Commission filed a complaint against Silvergate Bank's parent entity and its former executives on Monday.