FDIC Controversy: Lummis Threatens Action

Senator Lummis Warns FDIC Over Alleged Document Destruction

• Senator Cynthia Lummis has issued a warning to the FDIC regarding allegations of document destruction tied to “Operation Choke Point 2.0” (OCP 2.0).
• Whistleblowers claim the FDIC is withholding and destroying materials related to an anti-crypto campaign.
• Lummis’s letter, dated January 16, 2025, demands FDIC Chair Marty Gruenberg preserve all documents linked to OCP 2.0.
• The Senator warned that destruction of documents or retaliation against whistleblowers could lead to criminal referrals.
• The controversy involves the closure of crypto-related banks like Signature Bank and Silvergate Bank.

Senator Cynthia Lummis has called for immediate action from the FDIC to preserve documents linked to OCP 2.0 amid allegations of document destruction and whistleblower retaliation, emphasizing legal consequences for non-compliance.