The post Lost Texts Spur Oversight Inquiry Into Former SEC Chair Gary Gensler appeared on BitcoinEthereumNews.com.

In brief House Republicans have informed current SEC Chair Paul Atkins that they’re investigating the loss of nearly a year of text messages from former Chair Gary Gensler’s smartphone. Last month, the Office of the Inspector General report found IT staff failures and poor policies led to the permanent deletion of messages from October 2022 through September 2023. Coinbase CLO Paul Grewal tweeted that a district court has ordered all parties to appear on October 8 to address the deletion of the texts. Nearly a year of text messages from former Securities and Exchange Commission Chair Gary Gensler were permanently deleted due to agency errors, prompting House Republicans to launch an oversight investigation into regulatory lapses. Four Republican committee chairs, including House Financial Services Committee Chairman French Hill, informed current SEC Chair Paul Atkins that Congress is investigating the loss of Gensler’s communications from October 2022 through September 2023, spanning the agency’s most aggressive enforcement push against crypto firms, in a letter sent Tuesday. “It appears that former Chair Gensler held companies to a standard that his own agency did not meet,” the letter says, noting the SEC collected over $400 million in fiscal year 2023 alone from firms for recordkeeping violations. Gensler’s smartphone stopped syncing with the agency’s device management system on July 6, 2023, though it “otherwise functioned normally and was used regularly, according to the Office of the Inspector General report released last month. Despite repeated warnings flagging the device as inactive every two weeks, IT staff took no action for 62 days, the lawmakers’ letter pointed out. The House letter notes that while former Chair Gensler’s staff claimed he “usually texted for administrative reasons,” the IG review found “multiple instances of substantive, mission-related communications between Gensler, his staff, his fellow Commissioners, and other senior officials. “The…

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Filed under: News - @ October 1, 2025 7:24 pm