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International Business Times
International Business Times
Business
Marvie Basilan

Trump Ally Threatens Action If FDIC's Alleged 'Destruction' Of Crypto Choke Point Documents Proven

FDIC Cynthia Lummis Crypto Donald Trump Joe Biden Coinbase Senate Banking Committee United States Tim Scott Bitcoin
Representative image of destroyed documents. (Credit: Denny Müller/Unspash)

KEY POINTS

  • Lummis seeks the preservation of all materials and documents related to the FDIC's 'digital asset activities'
  • She threatened 'criminal referrals' to the DOJ if proven that the FDIC did destroy materials related to OCP 2.0
  • The Trump ally pledged that she and Sen. Tim Scott will work to get to the bottom of allegations around OCP 2.0
  • Coinbase recently revealed letters sent by the FDIC to banks to allegedly block them from adopting digital asset solutions

Operation Choke Point 2.0 (OCP 2.0) has been a lingering concern in the cryptocurrency space in recent weeks and on Thursday, Sen. Cynthia Lummis, R-Wyo., sent a letter to the Federal Deposit Insurance Corporation (FDIC) to inquire about an allegation made by whistleblowers regarding the said operation.

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