SEC Spent $53,000 After Gary Gensler’s Texts Vanished: Report

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-09-05 04:23:02

BTCCSquare news:

The SEC's Office of Inspector General revealed a series of institutional failures leading to the permanent deletion of nearly a year's worth of text messages from former Chair Gary Gensler. A misclassified government-issued phone triggered an automatic wipe, compounded by a factory reset that erased all data—deemed "avoidable" by investigators.

These lost records, potentially containing federal communications subject to FOIA requests, represent a significant transparency breach. The agency incurred $53,000 in contractor costs for a flawed after-action review, highlighting systemic preservation failures at the regulatory body.

By:

Log in to Reply

ECB Advocates Digital Euro as Critical Infrastructure for Payment Resilience

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.