Gary Gensler’s texts go ‘missing’ from FTX collapse to Bitcoin ETF lawsuit
Key takeaways
- Nearly a year of Gensler’s messages vanished during crypto’s most chaotic stretch.
- The missing records span SEC lawsuits against Binance, Coinbase, and Kraken.
- New leadership has dropped lawsuits and embraced tokenization pilots.
Gary Gensler may no longer run the Securities and Exchange Commission (SEC) but his name is back in the headlines and not for policy.
The SEC’s own watchdog says the former chair lost nearly a year of text messages, right in the middle of crypto’s most chaotic stretch, and it wasn’t an accident.
The SEC’s Office of Inspector General (OIG) revealed in a new report this week that messages from Gensler’s government-issued iPhone, spanning October 2022 through September 2023 are gone. That’s the exact window covering the collapse of FTX, the Grayscale lawsuit over a spot Bitcoin ETF, and a slew of other enforcement moves that defined his tenure.
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