SEC Blunder Wipes Former Chair Gensler’s Texts from Key Crypto Period
The SEC’s Office of Inspector General (OIG) released a report revealing that nearly a year’s worth of Gensler’s texts were permanently lost due to “avoidable errors” by the regulator’s IT department.
This period includes major events like the FTX collapse, the Grayscale Bitcoin ETF lawsuit, and other major crypto enforcement actions.
Important Crypto and White House Matters
In a Wednesday report, the OIG revealed that in August 2023, the SEC’s IT department mistakenly wiped Chair Gary Gensler’s government phone after wrongly marking it as inactive, resulting in the loss of stored text messages and operating system logs.
The investigation also found that the department had not kept important log data,…
