Sea 01 October 2025 ▪
4
Min read ▪ by
The Republicans of the American House of Representatives launched an investigation into the disappearance of Gary Gensler’s text messages, former agency chief. These texts, suppressed when he directed the dry, could contain sensitive exchanges linked to the proceedings against the cryptographic industry.
Brief
- The Republicans of the Chamber are investigating the deleted text messages from Gary Gensler, the former president of the SEC, raising doubts about the agency’s transparency.
- The OIG points to a technical and organizational failure, but the legislators denounce a double standard applied by the dry under peopleler.
- The missing messages involved prosecution against cryptographic societies, strengthening criticism of a policy considered hostile to the sector.
An investigation losing pressure on the dry
The Republicans of the American House of Representatives have opened an investigation into the disappearance of text messages sent by Gary Gensler, former president of the Securities and Exchange Commission. These texts, deleted when it served from 2021 to 2025, raise doubts about the transparency and integrity of the regulatory agency.
In a letter addressed to the current president of the SEC, Paul Atkins, the Committee of Financial Services, led by French Hill, said that he was working in close collaboration with the office of the Inspector General (OIG). They want to understand the exact circumstances of this deletion. Thus, they could determine whether the internal practices contrary to the requirements imposed on cryptographic companies have taken place.
Republicans accuse people of applying standard doubles. By virtue of its management, the SEC inflicted more than $ 400 million in fines on cryptographic financial companies in 2023. These companies were accused of violations linked to the holding of files and the conservation of internal communications. However, these same obligations were not fulfilled by the agency itself.
The loss of the texts of peopleler, some of which directly concerned the actions of the dry against cryptographic companies, fuel criticism from the industry. Many consider it as proof of a hostile policy orchestrated in the context of the Biden administration. Indeed, they seemed determined to limit the access of cryptographic companies to the banking system and to slow their growth with a flow of prosecution.
A technological failure or a governance problem?
According to the OIG, the abolition officially results from an automated policy misunderstood by the IT service of the dry. The erasure of peopleler’s phone was aggravated by a lack of backups, ignored alerts and uncharted software bugs.
However, the moment raises questions. Indeed, several deleted messages involved sensitive cases, including surveys against the founders of cryptographic projects.
Beyond tensions with the cryptocurrency industry, this case illustrates a more important problem. It concerns the very credibility of the dry. If the agency responsible for applying financial transparency loses track of its own communications, public confidence and the market suffers. For the Republicans, the investigation is just beginning and it could reshape the perception of Gary Gensler’s mandate.
In addition, this is not the first time that the SEC has faced criticism for its information management. In January 2024, a hacker took control of his X account. He published a false ad on the approval of an ETF Bitcoin Spot. The incident had already highlighted security defects in an agency supposed to embody rigor and reliability.
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Teacher and IT engineer, Lydie discovered Bitcoin in 2022 and plunges into the world of cryptocurrencies. It popularizes complex subjects, deciphers the stake of the web3 and defends a vision of an open digital, inclusive and decentralized digital.
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The points of view, the thoughts and opinions expressed in this article belong only to the author and must not be considered as investment advice. Do your own research before making investment decisions.
