Freedom of Information Act

It is reported that the Blockchain Association, a lobbying group in the encryption industry, has submitted a Freedom of Information Act (FOIA) request to the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board of Governors, and the Office of the Auditor General, seeking documents and communications involving the de banking of cryptocurrency companies in the United States. BA is investigating allegations of de banking, including closing accounts and refusing to open new ones, as well as actions that regulators may have mishandled to the collapse of Signature, Silicon Valley Bank, and Silvergate. Encryption industry lobbying groups seek de banking information for legitimate encryption businesses Analysis based on this information:The Blockchain Association, a lobbying group in the encryption industry, has taken action to gain greater transparency from federal regulators regarding the banking of cryptocurrency companies in the United States. The association has submitted a Freedom of Information Act (FOIA) request to three different agencies: the Federal Deposit Insurance Corporation (FDIC),…