Whistleblower claims that the FDIC is destroying crypto-related documents have prompted U.S. Senator Cynthia Lummis to demand accountability and warn of potential legal action over alleged obstruction of Senate oversight.
U.S. Senator Cynthia Lummis has accused the Federal Deposit Insurance Corporation (FDIC) of destroying documents linked to digital assets, citing whistleblower claims from within the agency. In a letter addressed to FDIC Chair Martin Gruenberg, the Wyoming Republican revealed that these whistleblowers were under strict surveillance by FDIC management to prevent information from reaching the Senate.
Lummis directed the agency to preserve all documents related to “digital asset activities,” including its supervision of Signature Bank and the liquidation of Silvergate Bank. Warning of legal repercussions, she stated:
“If it is uncovered that you or your staff have knowingly destroyed materials or sought to obstruct the oversight functions of the Senate, I will make swift criminal referrals to the US Department of Justice.”
Lummis’s demand for document preservation underscores her broader commitment to the cryptocurrency industry. She has been a vocal advocate for recognizing digital assets on a national scale. Last year, she introduced...
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