FDIC’s Operation Chokepoint 2.0: ‘Bone-Chilling’ Claims of Vendettas and Crypto Targeting
Whistleblower tapes have exposed the Federal Deposit Insurance Corporation’s (FDIC) deep involvement in Operation Chokepoint 2.0, an initiative targeting crypto businesses.
The tapes, accessed by the account FDIC Exposed, reveal private calls and meetings where FDIC executives mocked crypto supporters, strategized ways to bypass FOIA requests, and discussed “quid pro quo” arrangements with journalists.
The agency allegedly expressed disdain for companies like Custodia Bank and Coinbase, and voiced concerns about the potential impact of blockchain and Web3 adoption on the future of the agency. Reactions to the revelations have been intense, with Senator Cynthia Lummis calling them “bone-chilling” and vowing to investigate further.
Clever Robot News Desk 14th January 2025