FDIC Under Fire: Senator Alleges Destruction Of Operation Chokepoint 2.0 Records

Quick Summary:

There are new concerns regarding the transparency in the regulatory methods of the Federal Deposit Insurance Corporation, or FDIC, following allegations against it.

Senator Cynthia Lummis of Wyoming thinks the agency sabotaged critical data related to “Operation Chokepoint 2.0,” which is believed to have targeted the cryptocurrency sector.

She especially referenced supervisory measures involving Signature Bank and the dissolution of Silvergate Bank, both of which were important players in the crypto banking market.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryUnited States

Topics: FDIC Gary Gensler Trump Operation Chokepoint 2.0 News Biden Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 17:30:25 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 363 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 25222693

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 17 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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