SEC Faces Criticism Over Lost Gensler Texts
- The U.S. Securities and Exchange Commission (SEC) lost nearly a year of text messages from former Chair Gary Gensler’s government phone.
- The SEC’s Office of Inspector General attributed the loss to “avoidable errors.”
- The crypto industry is criticizing the SEC, suggesting a double standard in handling such issues.
The loss of texts from Gary Gensler’s government phone has sparked backlash from the crypto sector, which views the incident as indicative of a double standard by the SEC. The agency’s inspector general identified the cause as “avoidable errors,” leading to calls for corrective measures.
