Bitcoin was up 1.8% over the past day, trading around $22,190 by 3:15 p.m. EST, according to TradingView data. The leading crypto by market cap fell on the news that Paxos was ordered to stop issuing the BUSD stablecoin.

Ether also rose, increasing around 3.3%. Ripple's XRP rose 2% in the past day, Cardano's ADA soared 10%, and Polygon's MATIC jumped 7.2%. Binance's BNB remained below $300, down another 3%.

Silvergate shares soared 17% to $17.16 by 3:15 p.m. EST, according to Nasdaq data, following the announcement of multiple investments in the beleaguered bank.