#FDIC Concealed Documents Suppressing the Crypto Industry#

The Federal Deposit Insurance Corporation (FDIC) has recently been accused of deliberately concealing documents related to its efforts to suppress the cryptocurrency industry, raising concerns about the agency's regulatory transparency. According to multiple insiders, the FDIC has employed various tactics to circumvent disclosure requirements under the Freedom of Information Act (FOIA) in an operation dubbed "Operation Chokepoint 2.0." These tactics include labeling documents as attorney-client privileged, conducting incomplete searches within regional systems, and hiding documents on collaborative platforms. 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, to assess whether they pose a threat to the FDIC. This incident has sparked widespread criticism of the FDIC's actions, with concerns raised about its lack of transparency and potential abuse of power. Coinbase and other institutions are actively seeking to release documents through FOIA requests, aiming to expose the FDIC's efforts to hinder the adoption of cryptocurrencies. This event has once again highlighted concerns about transparency and fairness in the regulatory landscape of the cryptocurrency industry.