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Republicans Launch Inquiry into Lost SEC Texts Under Former Chair Gary Gensler
Republicans Launch Inquiry into Lost SEC Texts Under Former Chair Gary Gensler
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BTCCSquare news:
House Republicans have initiated a formal investigation into the deletion of text messages from former SEC Chair Gary Gensler's tenure, citing concerns over record-keeping practices. The probe, coordinated with the SEC's Office of Inspector General, follows a September 2025 disclosure that technical failures and policy lapses resulted in permanent data loss.
A damning OIG report reveals systemic failures: Gensler's smartphone went undetected by SEC systems for 62 days despite repeated alerts, triggering an automatic wipe under a 45-day inactivity policy. The reset erased all unbacked communications dating back to October 2022 - a critical period encompassing major crypto enforcement actions and market-moving decisions.
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