Tag: Banking regulations
Tyler Winklevoss Criticizes Federal Reserve’s Crackdown on Customers Bank
Tyler Winklevoss, co-founder of the crypto exchange Gemini, recently criticized the Federal Reserve's crackdown on Customers Bank, a crypto-friendly bank. He believes that this enforcement action is part of what he calls "Operation Choke...
Silvergate Bank Successfully Resolves Federal Reserve Enforcement Action
Silvergate Bank has successfully resolved a Federal Reserve enforcement action after undergoing liquidation to protect its depositors. The action, which began in May 2023, required the bank to wind down its operations in a...
Silvergate Settles SEC Lawsuit for $50M; Faces $63M Fine from Fed and California Regulator
Silvergate Capital recently settled a lawsuit with the SEC for $50 million, while facing additional fines of $63 million from the Federal Reserve and the California Department of Financial Protection and Innovation. The SEC...
