Senator Lummis declares that the FDIC has destroyed documents related to Chokepoint 2.0 Campaign

Lummis wrote: “You must ensure your staff immediately stop destroying any materials and cease retaliatory actions.”

Wyoming Senator Cynthia Lummis sent a letter to the Federal Deposit Insurance Corporation, stating that whistleblowers informed her that the agency allegedly destroyed documents related to the Chokepoint 2.0 Campaign.

Lummis has directed the government agency to stop document destruction and preserve all records related to “digital asset activity,” including monitoring Signature Bank and liquidating Silvergate Bank. The senator warned the FDIC:

“If it is discovered that you or your staff intentionally destroy documents or attempt to obstruct the Senate’s oversight function, I will swiftly refer criminal records to the U.S. Department of Justice.”

Chokepoint 2.0 Campaign — a joint effort to cut off cryptocurrency-related companies from banking services — has had widespread impacts on the industry in many countries and is a significant challenge for industry lobbying groups in the upcoming 2024 U.S. elections.

Cryptocurrency founders speak out against financial targeting

After Marc Andreessen, co-founder of Andreessen Horowitz, appeared on The Joe Rogan Experience, more than 30 cryptocurrency founders took to social media to share their withdrawal experiences.