#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 reports, the FDIC has employed various tactics to circumvent Freedom of Information Act (FOIA) disclosure requirements under Operation Chokepoint 2.0, including labeling documents as attorney-client privileged, conducting incomplete searches within regional systems, and hiding documents generated on collaboration platforms like Microsoft Teams. Insiders claim 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 indicate that they were personally assigned to investigate whether these individuals posed a threat to the FDIC. Coinbase has been actively seeking the release of documents through FOIA requests, revealing the FDIC's efforts to hinder the adoption of crypto by institutions. Whistleblowers have raised alarms about the FDIC's strategy to suppress documents related to the controversial Chokepoint 2.0 operation, which aims to restrict access to the cryptocurrency industry. These events have sparked concerns about the transparency of regulatory actions and ignited discussions about whether the FDIC should be more transparent in its regulatory practices.