U.S. Senator Lummis: Whistleblower claims FDIC digital asset-related documents were destroyed

On January 17th, Senator Cynthia Lummis, who supports cryptocurrency, stated that the Federal Deposit Insurance Corporation (FDIC) would face criminal consequences if it destroyed materials related to digital assets.

In a letter sent to FDIC Chairman Martin Gruenberg on Thursday, the Republican senator from Wyoming stated that whistleblowers at the FDIC had informed her of allegations that these documents had been destroyed, and claimed that these whistleblowers were being "closely monitored" by management to prevent them from reporting to the Senate, implying that legal action would be taken.

In a statement, Lummis said, "The FDIC is suspected of destroying and concealing materials related to Operation Chokepoint 2.0 in order to obstruct the oversight function of the United States Senate. This is not only unacceptable, but also illegal. If it is found that someone within the FDIC intentionally destroyed materials or attempted to obstruct the Senate's oversight function, criminal referrals will be promptly made to the United States Department of Justice."