The US House Republican has told Paul Atkins, chairperson of the Securities and Exchange Commission, that they are investigating the loss of lesson messages from former SEC President Gary Gansal on leading the agency.
In early September, the SEC office of Inspector General’s findings suspected whether the Gensor -led SEC worked with transparency and integrity while serving between 2021 and 2025, House Financial Services Committee Chairman French Hill Said In a letter to Atkins on Tuesday.
Hill said that the House Financial Services Committee said that “to learn more about its report, the OIG is engaged with OIG, seek clarity on outstanding questions, and discuss additional areas that need further monitoring and investigation.”
Many people in the Crypto industry accused Gensler that they are important for a principle biden administration plan to pressurize or limit the services to crypto businesses and their seconds stopped the industry with several cases against Crypto companies during their tenure.
Republican accused Jensor of double standards
A letter signed by House Ranking members N Wagner, Dan Mousar and Brian Still also said that Gensor sued several financial firms for “comprehensive record holding failures” for a fine of over $ 400 million to settle alone alone alone.
Removed text messages highlight a clear dual standard, the House Republican claimed.
“It appears that former president Gensor had kept companies for a standard which did not meet his own agency.”
Sec IT department convicted for removed texts
The OIG said that the SEC IT department implemented an automated policy to be considered a poorly considered, which wiped a complete wiped of Jenler’s mobile phone, which also removed the text messages between October 2022 and September 2023.
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Loss of damage management, lack of proper backup equipment, system alerts were ignored, and the ignorant vendor was spoiled by software defects, the OIG found.
The conversation with crypto enforcement operations was lost
OIG found that some of Gensler’s deleted texts included SEC enforcement action against crypto companies and their founders, meaning how and how long the significant communications about SEC cases can be pursued and how long could never be fully known.
The SEC also experienced a security blunder in January 2024, when a hacker compromised his X account to post false news that it approved the spot bitcoin (BTC) exchange-traded funds.
The X blamed the security violations for not enabled the SEC two-factor authentication.
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