State regulator that issued a June 28, 2023 desist-and-refrain order against The Crypto Program and Zimbardi alleging securities law violations.
Polygon Labs completed its Coinme acquisition, gaining 37 state money transmitter licenses and 11 exemptions that cover 48 states. Polygon says the deal brings regulated U.S. money movement into its payments stack, though Coinme arrives with a California enforcement record.
Reality
Sunwest Bank took on failed Nano Banc's deposits and bought about $476 million of its assets, leaving roughly $260 million with the FDIC to sell later. What the Utah lender really bought depends on whether the Irvine bank's business accounts stay after conversion.
Reality
The October rollout renames Innovation Banking, Fund Banking and SVB Go, promises that routing numbers and passwords are untouched, and says nothing at all about the advance rates or covenants operators hoped to read in it.
Reality
The Fair Lending Examination Act would require the DFPI to check lenders for discrimination under both state and federal definitions, which moves the compliance floor for anyone lending in California from Washington to Sacramento.
Reality
Edward Zimbardi was extradited on August 14, 2026 to face 25 counts over an alleged $165 million crypto Ponzi. The case is mid-size by national loss figures, and that is the point.
Reality