Jan 16, 07:43 PM

Senator Lummis Accuses FDIC of Destroying Crypto Documents Linked to Operation Choke Point 2.0, Threatens Criminal Referrals

Senator Cynthia Lummis has accused the Federal Deposit Insurance Corporation (FDIC) of destroying documents related to digital assets and Operation Choke Point 2.0. Whistleblowers within the FDIC have reportedly alleged that key materials tied to the agency's oversight of crypto firms, including those related to the shutdowns of Silvergate and Signature banks, are being destroyed. Lummis has demanded the preservation of all relevant documents and has threatened criminal referrals to the U.S. Department of Justice if evidence of document destruction is found. Whistleblowers also claim that staff access to these materials is being closely monitored by management to prevent their release. These allegations come amidst broader concerns about federal efforts to stifle the cryptocurrency industry, coinciding with the timing of Trump's inauguration. Senator Tim Scott is also involved in addressing these issues with Lummis.