• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
Gary Gensler

Gary Gensler’s Vanishing Messages Trigger Republican Inquiry

Christian Encila
by Christian Encila
2 weeks ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Former Securities And Exchange Commission Chair Gary Gensler lost nearly a year of text messages after an automated IT action, a federal review found.

Related Reading: Historic Kimono Brand Changes Name To ‘Bitcoin Japan’ In Rebranding Move

According to a special review by the SEC’s Office of Inspector General, information technology staff triggered an automated “enterprise wipe” that erased text messages sent and received on Gary Gensler’s government phone between October 18, 2022, and September 6, 2023.

The review says the device had not been backed up during that interval, and routine alerts and change controls were missed or ignored.

Gary Gensler & The Missing Text: Inspector General’s Findings

The OIG report found the wipe resulted from a poorly understood automated policy put in place by the SEC’s Office of Information Technology in August 2023.

Based on the review, the wipe was avoidable and was compounded by weak change management, failures to act on vendor software flaws, and a lack of timely backups — gaps that left key messages unrecoverable. The report lists recommendations and said agency management has responded with corrective steps.

Source: US House Committee on Financial Services

Lawmakers See A Double Standard

House Republican leaders are pressing the SEC for answers. Based on reports from the House Financial Services Committee, Republican chairmen have written to SEC Chair Paul Atkins seeking details about how the loss happened, what records were affected, and whether the agency’s recordkeeping met federal law.

They point out that in fiscal year 2023 the SEC obtained more than $400 million in penalties tied to recordkeeping and off-channel communications by firms, and say the agency itself must meet the same standard it enforced on others.

Total crypto market cap currently at $3.93 trillion. Chart: TradingView

Political And Legal Stakes

The missing messages overlap with a busy year of enforcement actions and policy talks at the SEC. Reports have disclosed that some deleted texts involved enforcement work tied to crypto cases and other high-profile matters, which could matter to litigants and to records requests under the Freedom of Information Act, or FOIA.

Across the industry, critics point to Gary Gensler as instrumental in an alleged Biden administration campaign to nudge banks into restricting services to crypto companies, and they charge that the SEC under his watch weakened the sector by bringing several lawsuits.

Related Reading: Chinese National At Center Of Historic $6.7B Crypto Bust Pleads Guilty

What The Agency Has Said And What’s Next

The SEC’s OIT and agency leadership have acknowledged the failures flagged by the OIG and have described steps to fix system controls and backup processes.

The House committee’s letter asks for a full account and timelines, and signals lawmakers may follow up with additional oversight or hearings.

For now, investigators and agency officials are focused on closing the technical gaps the report identified.

Featured image from Getty Images, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Crypto ‘No Longer In The Fringes’: Federal Reserve Governor Declares Start Of New Era

Crypto ‘No Longer In The Fringes’: Federal Reserve Governor Declares Start Of New Era

22 minutes ago
Coinbase

Coinbase Urges US Officials: Blockchain Isn’t The Enemy — It’s The Solution

2 hours ago
Floki

Here’s Why The FLOKI Price Jumped 22% – It Has Nothing To Do With Dogecoin

3 hours ago
eth-sol-double-bottom-reversal-new-coins-presale-boom-tw

ETH與SOL現W底反轉身升信號 資金轉向三大新幣掀起預售熱潮

4 hours ago
Bitcoin

Forget Bitcoin’s Halving — The ‘Business Cycle’ Is The Real Market Killer: Analyst

5 hours ago
bitcoin-japan-crypto-ownership-live-news-october-22-tw

比特幣即時新聞:日本開放加密資產持有權動態更新(10月22日)

5 hours ago

Premium Sponsors

Press Releases

  • KCEX стартира бонус за търговия от...

    17 hours ago
  • โปรโมชั่นโบนัสสำหรับผู้ใช้ใหม่จาก KCEX แจกสูงสุด 21,000 USDT

    KCEX จัดหนัก!...

    2 days ago
  • WEEX стартира кампания с до 50%...

    2 days ago
  • FleetMining Turns BTC, XRP, and ETH into Daily Income

    FleetMining Turns BTC, XRP, and ETH into Daily Income with...

    2 days ago
  • CryptoGDEX Launches Global Petition to Revolutionize Wealth Distribution

    CryptoGDEX Launches Global Petition to Revolutionize Wealth...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.