Silvergate Capital Corp., the parent company of crypto-friendly bank Silvergate Bank, has agreed to pay $63 million to settle with the SEC, the Federal Reserve, and the California Department of Financial Protection and Innovation (DFPI). The regulator accused it of failing to maintain an appropriate anti-money laundering program and making misleading disclosures about its effectiveness. Silvergate was fined $43 million by the Federal Reserve and $20 million by California regulators, who also pointed out that the bank had deficiencies in tracking internal transactions. The SEC also fined it $50 million, but it is not expected to increase the total. The SEC said any fines owed by Silvergate could be offset by the amount it paid to bank regulators, and the settlement is subject to court approval.