Crypto-friendly bank Silvergate Bank has agreed to the Federal Reserve's order to submit a self-liquidation plan to California financial regulators within 10 days. Foresight News previously reported that in March, Silvergate Bank said it would wind down operations in an orderly manner in accordance with applicable regulatory processes and enter into voluntary liquidation, including full repayment of all deposits, while considering how best to resolve claims and protect the remainder of its assets. value, including its know-how and tax assets. In addition to Silvergate Bank's decision to discontinue the Silvergate Exchange Network (SEN), all other deposit-related services remain operational while the company is being wound up.