Senators Claim Binance Is a ‘Hotbed of Illegal Financial Activity’; Silvergate’s Stock Plunges

Three U.S. senators have written to Binance, the world’s largest crypto exchange, asking for details about its money-laundering controls and accusing Binance of being a “hotbed of illegal financial activity,” according to a Wall Street Journal report. Plus, a closer look at why shares of crypto-friendly lender Silvergate Capital are plunging.