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.

See also:

Before Silvergate and After Silvergate

Binance a 'Hotbed of Illegal Financial Activity,' U.S. Senators Claim

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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