Federal Reserve ends enforcement action against Silvergate Bank after successful liquidation

The Federal Reserve Board said the termination of an enforcement action against Silvergate Bank and its holding company, Silvergate Capital Corporation, according to a July 26 press release. The action, effective since May 2023, required the bank to liquidate and wind down its operations in a manner that protected its depositors. The Fed’s decision comes […] source: https://cryptoslate.com/federal-reserve-ends-enforcement-action-against-silvergate-bank-after-successful-liquidation/