The post Congressional Republicans Target Former SEC Chief’s Lost Messages appeared on BitcoinEthereumNews.com.

Rebeca Moen
Oct 01, 2025 08:49

A bombshell congressional investigation has erupted over nearly a year of mysteriously vanished text messages from former Securities and Exchange Commis…

A bombshell congressional investigation has erupted over nearly a year of mysteriously vanished text messages from former Securities and Exchange Commission Chairman Gary Gensler, threatening to expose potential transparency failures at the heart of America’s most aggressive cryptocurrency crackdown. House Republicans launched a formal probe Tuesday into the deletion of official communications from Gensler’s government-issued phone, covering a critical 11-month period from October 2022 to September 2023 when the SEC unleashed its most devastating enforcement actions against major cryptocurrency firms including Coinbase and Binance. Technical Failures Spark Regulatory Crisis The investigation centers on findings from the SEC’s Office of Inspector General, which revealed that the agency’s Information Technology department implemented what officials described as a “poorly understood and automated policy” that completely wiped Gensler’s mobile device. The technical failure occurred during the most intensive period of crypto enforcement in SEC history, raising serious questions about government transparency and record preservation. House Financial Services Committee Chairman French Hill, alongside Representatives Ann Wagner, Dan Meuser, and Bryan Steil, delivered a scathing letter to current SEC Chair Paul Atkins, declaring that the Gensler-led SEC may not have operated with proper “integrity” during his tenure from 2021 to 2025. “This represents a fundamental breakdown in government accountability,” said Sarah Mitchell, former SEC enforcement attorney and partner at Blockchain Legal Associates. “When regulatory agencies pursue companies for record-keeping violations while simultaneously failing to maintain their own communications, it undermines the entire enforcement framework.” Double Standards Allegations Surface The timing of the deleted messages has triggered fierce criticism from Republican lawmakers who accuse Gensler of applying dramatically different standards to private…

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Filed under: News - @ October 3, 2025 3:21 am