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Senator Lummis claims FDIC destroyed Operation Chokepoint 2.0 docs

Coin Telegraph
Senator Lummis claims FDIC destroyed Operation Chokepoint 2.0 docs
Coin Telegraph

"You must ensure your staff cease and desist destruction of all materials and end retaliatory actions immediately," Lummis wrote.

Wyoming Senator Cynthia Lummis sent a letter to the Federal Deposit Insurance Corporation (FDIC) claiming that whistleblowers informed her that the agency allegedly destroyed documents related to Operation Chokepoint 2.0.

Lummis instructed the government agency to cease the destruction of documents and preserve all records related to "digital asset activities," including the supervision of Signature Bank and the liquidation of Silvergate Bank. The Senator warned the FDIC:

Operation Chokepoint 2.0 — a concerted effort to cut off crypto-related firms from banking services — widely impacted the industry in multiple countries and was a major pain point for industry advocacy groups during the 2024 United States election.

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After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

Weekend Wrap: Razzlekhan drops bars, FDIC’s Hill decries ‘Choke Point-like tactics’ and more

Coin Telegraph
Weekend Wrap: Razzlekhan drops bars, FDIC’s Hill decries ‘Choke Point-like tactics’ and more
Bitfinex Hack

Heather Morgan criticized the financial system in a rap video while also asking for the world’s richest man, Elon Musk, to save her.

Convicted money launderer Heather Morgan has released a bizarre rap video as her alter ego “Razzlekhan” just days before starting her 18-month prison stint for her role in the infamous Bitfinex hack.

In a self-described “sexy” but “cringe” music video on Jan. 10 titled Razzlekhan vs The United States, Morgan appeared in front of a government building wearing fishnet tights and bondage gear and referenced her recent legal troubles, criticized the financial system and asked Elon Musk to save her.

“Weird enough to catch a case, they think I’m from outer space,” Morgan raps in the opening lines of the song while clearly wearing an ankle monitor.

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After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

Pro-crypto lawyer John Deaton offers to probe Operation Chokepoint 2.0

Coin Telegraph
Pro-crypto lawyer John Deaton offers to probe Operation Chokepoint 2.0
Coin Telegraph

Not investigating Operation Chokepoint 2.0 would create a dangerous precedent where regulatory bodies can suppress whoever they disfavor, Deaton stressed.

Former United States prosecutor and crypto advocate John Deaton has offered the incoming Trump administration to lead a probe into Operation Chokepoint 2.0 — an unconfirmed initiative that allegedly attempted to cut crypto companies from the traditional banking system.

“If these actions go unchallenged, it creates a dangerous precedent where regulatory bodies can quietly suppress entire industries they disfavor, stifling innovation, competition, and economic opportunity,” Deaton said in a Jan. 4 X post addressed to incoming United States President Donald Trump, Vice President JD Vance and Department of Government Efficiency leaders Elon Musk and Vivek Ramaswamy.

“This isn’t just a fight for crypto, it’s a fight against the erosion of institutional integrity and the unchecked power of unelected bureaucrats,” Deaton said in the X post, which was also addressed to Secretary of Commerce Howard Lutnik and David Sacks, who will lead Trump’s AI and crypto “czar.”

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After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

Coinbase FOIA Requests Unearth More Instances of U.S. FDIC Asking Banks To ‘Pause’ Crypto Services

The Daily Hodl
Coinbase FOIA Requests Unearth More Instances of U.S. FDIC Asking Banks To ‘Pause’ Crypto Services
Banks
Coinbase FOIA Requests Unearth More Instances of U.S. FDIC Asking Banks To ‘Pause’ Crypto Services

Top US-based crypto exchange Coinbase’s Freedom of Information Act (FOIA) requests are uncovering more instances where the U.S. Federal Deposit Insurance Corporation (FDIC) asked banks to freeze crypto services. In a new thread on the social media platform X, Coinbase chief legal officer Paul Grewal says the revealed information confirms the notion that the US […]

The post Coinbase FOIA Requests Unearth More Instances of U.S. FDIC Asking Banks To ‘Pause’ Crypto Services appeared first on The Daily Hodl.

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After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

FDIC chair, ‘architect of Operation Chokepoint 2.0’ Martin Gruenberg to resign Jan. 19

Coin Telegraph
FDIC chair, ‘architect of Operation Chokepoint 2.0’ Martin Gruenberg to resign Jan. 19
Coin Telegraph

Martin Gruenberg is set to exit as FDIC Chair, with Representative Tom Emmer blasting him as “an architect of Operation Chokepoint 2.0.”

Martin Gruenberg, the chair of the Federal Deposit Insurance Corporation and alleged “architect of Operation Chokepoint 2.0,” has reportedly announced he’ll retire on Jan. 19 — a day before Donald Trump is inaugurated as president.

Reuters reported on Nov. 20 that Gruenberg, a Democrat, confirmed his departure in a message to FDIC employees, saying that he had informed the outgoing President Joe Biden of his decision.

Republican House Representative Tom Emmer blasted Gruenberg on X in response to the news, claiming he was “an architect of Operation Chokepoint 2.0 and drove the FDIC into the ground, failing to protect his own employees from the toxic work environment that he cultivated.”

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After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

FDIC Warns Customers Holding $7,100,000 in Uninsured Deposits After Sudden Bank Failure

The Daily Hodl
FDIC Warns Customers Holding ,100,000 in Uninsured Deposits After Sudden Bank Failure
bank
FDIC Warns Customers Holding ,100,000 in Uninsured Deposits After Sudden Bank Failure

The Federal Deposit Insurance Corporation (FDIC) says large customers at a recently shut down bank could collectively lose millions of dollars in uninsured deposits. The banking regulator says at least $7.1 million at First National Bank of Lindsay in Oklahoma was uninsured, held in accounts that exceed the agency’s $250,000 insurance coverage limit. For now, […]

The post FDIC Warns Customers Holding $7,100,000 in Uninsured Deposits After Sudden Bank Failure appeared first on The Daily Hodl.

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After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

JPMorgan Chase, Wells Fargo and Bank of America Lose $5,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge

The Daily Hodl
JPMorgan Chase, Wells Fargo and Bank of America Lose ,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge
Bank of America
JPMorgan Chase, Wells Fargo and Bank of America Lose ,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge

US banks are increasingly offloading billions of dollars in bad debt that they’ve officially given up on collecting, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its new Quarterly Banking Profile report, the FDIC says US banks reported $21.3 billion in net charge-offs in the second quarter of the year, due […]

The post JPMorgan Chase, Wells Fargo and Bank of America Lose $5,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge appeared first on The Daily Hodl.

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After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

JPMorgan Chase, Wells Fargo and Bank of America Lose $5,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge

The Daily Hodl
JPMorgan Chase, Wells Fargo and Bank of America Lose ,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge
Bank of America
JPMorgan Chase, Wells Fargo and Bank of America Lose ,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge

US banks are increasingly offloading billions of dollars in bad debt that they’ve officially given up on collecting, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its new Quarterly Banking Profile report, the FDIC says US banks reported $21.3 billion in net charge-offs in the second quarter of the year, due […]

The post JPMorgan Chase, Wells Fargo and Bank of America Lose $5,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge appeared first on The Daily Hodl.

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After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

$512,900,000,000 in Unrealized Losses Hit US Banks As Number of ‘Problem Banks’ Rises To 66: FDIC

The Daily Hodl
2,900,000,000 in Unrealized Losses Hit US Banks As Number of ‘Problem Banks’ Rises To 66: FDIC
bank
2,900,000,000 in Unrealized Losses Hit US Banks As Number of ‘Problem Banks’ Rises To 66: FDIC

The number of US banks with major issues is on the rise, according to the Federal Deposit Insurance Corporation (FDIC). The agency’s Second Quarter 2024 Quarterly Banking Profile shows the number of lenders on its “Problem Bank List” rose quarter-on-quarter from 63 to 66. It’s the fifth consecutive quarterly increase of banks rated 4 or […]

The post $512,900,000,000 in Unrealized Losses Hit US Banks As Number of ‘Problem Banks’ Rises To 66: FDIC appeared first on The Daily Hodl.

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After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

$7,162,000,000,000 in Uninsured Deposits Brewing in US Bank Accounts As Customers Risk Zero Protection From Federal Government: Report

The Daily Hodl
,162,000,000,000 in Uninsured Deposits Brewing in US Bank Accounts As Customers Risk Zero Protection From Federal Government: Report
bank
,162,000,000,000 in Uninsured Deposits Brewing in US Bank Accounts As Customers Risk Zero Protection From Federal Government: Report

Americans are holding a whopping $7.162 trillion in uninsured cash in their bank accounts, according to an under-the-radar report from the Federal Deposit Insurance Corporation (FDIC). The agency says the data, which was captured at the end of March, shows the amount of unprotected cash in US banks is increasing for the first time since […]

The post $7,162,000,000,000 in Uninsured Deposits Brewing in US Bank Accounts As Customers Risk Zero Protection From Federal Government: Report appeared first on The Daily Hodl.

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After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

After Ulbricht’s Pardon, Will Roger Ver Be Next? Elon Musk Weighs In

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