Senator Lummis Alleges FDIC Destroying Digital Asset Documentation

US Senator Cynthia Lummis (R-WY) has made serious allegations against the Federal Deposit Insurance Corporation (FDIC), claiming whistleblowers report attempts to destroy documentation regarding the agency's digital asset activities. She demands an immediate halt to these actions ahead of Congressional oversight.

Key Allegations

Lummis asserts FDIC staff faced legal threats to prevent disclosures related to digital assets.
Management allegedly monitored document access to obstruct potential leaks before destruction.
She emphasizes the necessity for transparency in FDIC's handling of digital assets.

Instruction to FDIC

Lummis instructed FDIC Chair Marty Gruenberg to stop all document destruction immediately.
All records related to the FDIC's digital asset activities since January 1, 2022, must be preserved.
Documentation should include terms like “crypto,” “cryptocurrency,” “Bitcoin,” and “Ethereum.”
Confidential classification does not exempt documents from Senate oversight.
Lummis warned of potential criminal investigation if evidence of obstruction emerges.

Currently, Bitcoin is trading above $101,000, reflecting an 8% increase over the past week.

Digital asset