#FDIC Concealed Documents Suppressing the Crypto Industry#

The Federal Deposit Insurance Corporation (FDIC) has been accused of deliberately concealing documents related to its crackdown on the cryptocurrency industry, raising concerns about the agency's transparency and regulatory practices. According to multiple sources, the FDIC has employed various tactics to circumvent Freedom of Information Act disclosure requirements in its "Operation Chokepoint 2.0" campaign against the crypto industry, including labeling documents as attorney-client privileged, conducting incomplete searches within regional systems, and hiding files generated on collaboration platforms like Microsoft Teams. It is alleged that approximately 150 key documents have not been submitted. Furthermore, the FDIC has been accused of conducting social media investigations into several prominent figures in the industry, including Coinbase Chief Legal Officer Paul Grewal, WSPN CEO Austin Campbell, Custodia Bank founder Caitlin Long, Castle Island Ventures founder Nic Carter, and Unchained podcast regulatory reporter Veronica Irwin. Sources claim they were personally assigned to investigate whether these individuals posed a threat to the FDIC. This incident has sparked widespread concern, with questions arising about whether the FDIC is using its power to suppress the cryptocurrency industry and whether its regulatory actions are sufficiently transparent. Entities like Coinbase are actively seeking to release documents through Freedom of Information Act requests, aiming to expose the FDIC's efforts to hinder institutions from adopting crypto. This event has also ignited discussions about the transparency of regulatory actions and information disclosure, as well as whether regulatory agencies should be more open in explaining their decision-making processes.