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Senators Reportedly Claim Binance Is a 'Hotbed of Illegal Financial Activity'; Silvergate's Stock Plunges

The most valuable crypto stories for Thursday, March 2, 2023.

March 2, 2023
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Three U.S. senators have written to Binance, the world's largest crypto exchange by trading volume, 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.

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This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”


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