The Republican House Majority Whip made the comments to Breitbart News on Tuesday, stating, \u201cGary Gensler might go down as the worst SEC chair in history.\u201d<\/p>\n
Emmer accused Gensler<\/a> of deliberately covering up his actions and being \u201cless than honest,\u201d characterizing it as part of a broader pattern of questionable behavior by the Biden administration.<\/p>\n The outburst followed last week\u2019s report<\/a> from the SEC\u2019s Office of Inspector General (OIG) on a year\u2019s worth of missing texts from Gensler\u2019s government-issued smartphone.<\/p>\n Gary Gensler might go down as the worst SEC chair in history.<\/p>\n The loss of nearly a year\u2019s worth of text messages during his tenure is just another example of the less-than-honest behavior that marked the Biden administration.https:\/\/t.co\/B1JF2mpAtV<\/a><\/p>\n \u2014 Tom Emmer (@GOPMajorityWhip) September 9, 2025<\/a><\/p>\n\n The SEC watchdog revealed that the IT department mistakenly wiped Gensler\u2019s messages, erasing records tied to crypto enforcement actions and transparency.\u00a0The data loss was exacerbated by poor change management, inadequate backups, ignored system alerts, and unaddressed vendor software flaws, it stated.<\/p>\n Around 1,500 messages from colleagues and other records were recovered, and around 38% of them concerned critical SEC action and conversations about suing digital asset platforms during the Biden administration\u2019s war on crypto<\/a>.\u00a0Emmer said<\/a> it was \u201cjust more fuel for the fire that he was running his own show.\u201d<\/p>\n \u201cI would argue that he was less than honest all the way through and this, this just smells. It smells when they talked about wanting to have a transparent, open-door policy. There\u2019s nothing transparent about what that guy was doing.\u201d<\/p>\n Emmer concluded that the Trump administration is undoing \u201call of this garbage that we dealt with for the last four years.\u201d<\/p>\n This is just another example of less-than-honest behavior by the Biden administration, and in this particular case, \u201cone of the worst bureaucrats that I\u2019ve ever dealt with,\u201d he said.<\/p>\n At the same time the messages went missing \u2013 between October 2022 and September 2023 \u2013 the SEC cracked down on the use of messaging apps<\/a> by banks and financial institutions.<\/p>\n Several prominent investment banking and financial institutions, including Barclays, Bank of America, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, UBS Securities, and Cantor Fitzgerald, were charged with violating record-keeping and books-and-records laws under the Securities and Exchange Act.<\/p>\n \u201cFinance, ultimately, depends on trust. By failing to honor their recordkeeping and books-and-records obligations, the market participants we have charged today have failed to maintain that trust,\u201d Gensler said at the time.<\/p>\n The post Gary Gensler Might Go Down as Worst SEC Chair in History: Tom Emmer<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The Republican House Majority Whip made the comments to Breitbart News on Tuesday, stating, \u201cGary Gensler might go down as the worst SEC chair in history.\u201d Emmer accused Gensler of deliberately covering up his actions and being \u201cless than honest,\u201d characterizing it as part of a broader pattern of questionable behavior by the Biden administration. […]<\/p>\n","protected":false},"author":0,"featured_media":95247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-95246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/95246"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=95246"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/95246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/95247"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=95246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=95246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=95246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Missing Message Scandal<\/h2>\n
Double Standards at the SEC<\/h2>\n