#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 under "Operation Chokepoint 2.0" and conducting social media investigations into multiple critics. Sources reveal that the FDIC employed various tactics to circumvent Freedom of Information Act (FOIA) disclosure requirements, including labeling documents as attorney-client privileged, conducting incomplete searches within regional systems, and hiding documents generated on collaborative platforms like Microsoft Teams. Allegedly, around 150 key documents were not submitted. Furthermore, the FDIC is alleged to have conducted social media investigations into prominent industry figures such as 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, to assess whether they posed a threat to the FDIC. This incident has sparked concerns about the FDIC's actions, with fears that the agency may be using its power to suppress the development of the cryptocurrency industry and retaliate against critics. The event also highlights the importance of regulatory transparency and accountability, as well as the crucial role of the Freedom of Information Act in upholding the public's right to know.