SEC regulator: Gensler's mobile data deleted, including records related to crypto enforcement actions and transparency

Jinse Finance reported that the Office of Inspector General (OIG) of the U.S. Securities and Exchange Commission (SEC) revealed in a report released on Wednesday that the SEC's IT department "implemented an incomprehensible automation policy, resulting in the erasure of data from mobile devices issued by the Gensler administration," deleting stored text messages and operating system logs. The OIG found that some of the deleted texts by Gensler involved SEC enforcement actions against cryptocurrency companies and their founders, meaning that key communications regarding how and when the SEC pursued cases may never be fully known, not even to the courts, Congress, or the public.