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Thursday, February 13, 2025

Lummis praises Trump's push for transparency at FDIC

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Senator Cynthia Lummis, U.S. Senator for Wyoming | Official U.S. Senate headshot

Senator Cynthia Lummis, U.S. Senator for Wyoming | Official U.S. Senate headshot

Senator Cynthia Lummis of Wyoming has expressed her approval of the Trump administration's actions regarding transparency within the Federal Deposit Insurance Corporation (FDIC). The FDIC, under the direction of a Trump-led initiative, has released 790 pages of documents that were previously undisclosed. These documents pertain to the agency's involvement in Operation Chokepoint 2.0.

"The days of an administration that operates in the dark are over," stated Senator Lummis. "I appreciate the Trump administration for ensuring the federal government is transparent and beholden to the American people it serves. I look forward to working with Acting Chairman Hill to restore the FDIC’s mission to serving American businesses, not shielding unelected bureaucrats."

Earlier this year, Senator Lummis reached out to FDIC Chair Marty Gruenberg through a letter after receiving information from whistleblowers. These whistleblowers claimed that the FDIC was destroying materials related to its digital asset activities and allegedly threatened staff members who spoke out about these actions.

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