Golden Finance reported that the Federal Reserve has announced the termination of its enforcement actions against Silvergate Bank and its holding company Silvergate Capital Corporation, both based in California. It is reported that since May 2023, the Federal Reserve's enforcement actions have ensured that Silvergate Bank is liquidated and closed in a way that protects depositors. Since then, Silvergate Bank has completed its liquidation and closure plan, repaid all customers' deposits, and no longer operates as a bank.