Senator Loomis' Controversial Disclosure of FDIC Violations in Cryptocurrency Supervision
 Senator Cynthia Lummis published a letter to the head of the Federal Deposit Insurance Corporation (FDIC), accusing the agency of destroying documents related to cryptocurrency oversight and threatening employees to keep quiet.
These allegations, made by whistleblowers, relate to the Operation Chokepoint 2.0 project, which aimed to limit cryptocurrency companies' access to banking services.
Documents obtained through a Freedom of Information request show that the FDIC has ordered banks to cease all cryptocurrency-related activities in 2022.
 Senator Loomis has called for the preservation of all documents related to cryptocurrency activities since January 2022 and warned that if violations are proven, the matter will be referred to the Department of Justice.