#FDIC Concealed Documents Suppressing the Crypto Industry#

The Federal Deposit Insurance Corporation (FDIC) has recently been accused of a series of improper actions in its crackdown on the crypto industry, including deliberately concealing relevant documents and conducting social media investigations of critics. According to sources, the FDIC has employed various tactics to circumvent disclosure requirements under the Freedom of Information Act, such as labeling documents as attorney-client privileged, conducting incomplete searches within its regional systems, and hiding documents on collaborative platforms, resulting in the non-submission of approximately 150 key documents. Additionally, the FDIC has conducted social media investigations into several prominent industry figures, including Coinbase's Chief Legal Officer, WSPN CEO, and Custodia Bank founder, attempting to ascertain whether they pose a threat to the FDIC. This incident has sparked questions about the FDIC's conduct, with many arguing that its actions lack transparency and may indicate a bias against the crypto industry. Coinbase and other institutions are actively seeking to release documents through Freedom of Information Act requests, exposing the FDIC's efforts to hinder institutions from adopting crypto. This event has also reignited concerns about transparency and fairness within regulatory agencies in the digital asset space.