An investigation of the Securities and Exchange Commission on the missing text messages from the phone of former Chair Gary Gensler between October 2022 and September 2023 concluded that “avoidable mistakes” led to their loss.
The SEC Office of Inspector General (OIG) is investigating how nearly a year’s text messages from Gary Gensler have been permanently lost between October 2022 and September 2023, at the height of the action -implementing agency’s implementation campaign campaign.
In a Report Released on Wednesday, OIG announced that the IT department of the SEC “implemented a poorly understood and automatic policy that caused an enterprise wipe by a mobile device released by the Gensler,” deleted stored Text messages and operating system logs.
The loss is exacerbated by poor change of change, lack of proper backup, ignoring system alerts and countless vendor software flaws.
The IT department failed to collect or maintain the required log data, which is why the commission could not determine why Gensler’s smartphone stopped talking to the SEC’s mobile device management system.
Basic communications about crypto implementation actions have been lost
OIG found that some of Gensler’s deleted texts were involved in the SEC’s implementation actions against crypto companies and their founders, which means major communications about how and when SEC cases may not be well known, whether in courts, congress or public.
Related: Judge has a ‘strong view’ about Coinbase asking questions with Gensler’s private MSGs
Investigators reviewed about 1,500 messages recovered from colleagues and other notes. They concluded that most were federal records, with nearly 38% of recovered text talks that “related to the mission about objects directly involving senior staff at that time, such as:
“A May 2023 conversation involving Gensler, his staff, and division of the implementation division about when the SEC will file an action against several Crypto trading asset platforms and their founder.”
Latest: The SEC inspector released a report on the loss of text messages from former chairman Gary Gensler due to the avoided mistakes of the IT office of the agency between October 2022 and September 2023. pic.twitter.com/3iwixftgkr
– Cointelegraph (@cointelegraph) September 5, 2025
Sec crackdown in recording
Around the same time that Gensler’s messages are missing in a black hole, the sec Basag With the use of messaging apps. Many global banking and financial institutions have been charged with violating custody laws and books-and records under the 1934 Securities and Exchange Act.
“Finance, ultimately, depends on trust. By failing to honor their recordkeeping obligations and books-and records, the market participants we charge today failed to maintain that confidence,” Gensler said at that time.
Drops transparency in crypto decisions
The SEC has since been disabled text messaging on most devices, the National Archives and Records Administration of Lost Records is aware, introduced training in capstone-specific records for older officials, and has begun improving backup skills for old officials’ devices.
“Losing Gensler’s text messages can affect the SEC’s response to some requests to the Freedom of Information Act,” he said.
Gensler, who Get off In January, it was embarrassing to the crypto community for his bait-and-switch offer to “enter and register,” initiated many actions against companies that say they tried to do exactly that. Implementing Actions against Crypto companies reached a 10-year height in 2023.
“Think about everything that happened in the crypto at this time. Usually, the FTX collapse through the Grayscale spot BTC ETF suits,” noticed The President of the Wealth Management of Novadius Nate Geraci, who added “thinking of you.”
“So Gary Gensler’s text messages from his tenure as SEC Chairman have been lost in a mysterious ‘boating accident’ ???,” stop Custodia Bank founder Caitlin Long.
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