{"id":47133,"date":"2025-09-12T03:31:43","date_gmt":"2025-09-12T03:31:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=47133"},"modified":"2025-09-12T03:31:43","modified_gmt":"2025-09-12T03:31:43","slug":"coinbase-demands-sec-accountability-over-lost-gensler-texts","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=47133","title":{"rendered":"Coinbase Demands SEC Accountability Over Lost Gensler Texts"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Coinbase is pushing back hard against the SEC. The company filed a motion in federal court, asking for sanctions and <\/span><span data-preserver-spaces=\"true\">fast-tracked discovery after learning that text messages from former SEC Chair Gary Gensler had been deleted<\/span><span data-preserver-spaces=\"true\">. These messages spanned almost a full year, covering a period packed with <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> crypto developments.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Timeline of Missing Messages<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The missing texts stretch <\/span><span data-preserver-spaces=\"true\">from October 18, <\/span><span data-preserver-spaces=\"true\">2022<\/span><span data-preserver-spaces=\"true\"> to September 6, 2023<\/span><span data-preserver-spaces=\"true\">. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> includes key moments like the collapse of FTX and a series of high-profile enforcement actions. According to an internal report, the texts <\/span><span data-preserver-spaces=\"true\">were wiped<\/span><span data-preserver-spaces=\"true\"> when <\/span><span data-preserver-spaces=\"true\">Gensler\u2019s<\/span><span data-preserver-spaces=\"true\"> government-issued phone was reset<\/span><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Gensler SEC destroyed documents they were required to preserve and produce. We now have proof from the SEC\u2019s own Inspector General. Today we ask the federal court to address this gross violation of public trust to ensure that it never happens again. 1\/3 <a href=\"https:\/\/t.co\/DPLtHUiolj\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/DPLtHUiolj<\/a><\/p>\n<p>\u2014 paulgrewal.eth (@iampaulgrewal) <a href=\"https:\/\/twitter.com\/iampaulgrewal\/status\/1966193455165837682?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">September 11, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The SEC had a policy in place to wipe inactive devices, and unfortunately, backups were not up to date. <\/span><span data-preserver-spaces=\"true\">Once<\/span><span data-preserver-spaces=\"true\"> the reset <\/span><span data-preserver-spaces=\"true\">happened<\/span><span data-preserver-spaces=\"true\">, everything was <\/span><span data-preserver-spaces=\"true\">gone<\/span><span data-preserver-spaces=\"true\">, including logs that <\/span><span data-preserver-spaces=\"true\">might<\/span><span data-preserver-spaces=\"true\"> have helped <\/span><span data-preserver-spaces=\"true\">track what went wrong<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Coinbase Sees More Than a Technical Issue<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Coinbase says this is not just a technical slip. They point out that the SEC was under court orders to preserve all communications related to crypto policy. That includes text messages. The fact that the SEC never searched for or turned over these messages raises serious concerns. Coinbase notes that nearly 40 percent of the messages that <\/span><span data-preserver-spaces=\"true\">were recovered<\/span><span data-preserver-spaces=\"true\"> touched on enforcement or policy. These were not just casual exchanges. They could have mattered in shaping how the SEC approached crypto during a critical time.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in September2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Details from the Inspector <\/span><span data-preserver-spaces=\"true\">General\u2019s<\/span><span data-preserver-spaces=\"true\"> Report<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The <\/span><span data-preserver-spaces=\"true\">SEC\u2019s<\/span><span data-preserver-spaces=\"true\"> internal watchdog confirmed several problems. <\/span><span data-preserver-spaces=\"true\">Gensler\u2019s<\/span><span data-preserver-spaces=\"true\"> device had stopped syncing with the <\/span><span data-preserver-spaces=\"true\">agency\u2019s<\/span><span data-preserver-spaces=\"true\"> system for more than two months. After 45 days of no contact, the wipe policy kicked in. When <\/span><span data-preserver-spaces=\"true\">the phone was reset<\/span><span data-preserver-spaces=\"true\">, it took out the texting app and all of its contents. Because logs were missing or incomplete, <\/span><span data-preserver-spaces=\"true\">the <\/span><span data-preserver-spaces=\"true\">full<\/span><span data-preserver-spaces=\"true\"> timeline could not be reconstructed<\/span><span data-preserver-spaces=\"true\">. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> left gaps in what investigators could verify.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">bitcoin<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BTC<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$2.30T<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">1y<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-68c391d8b0f1a\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<h2><span data-preserver-spaces=\"true\">How the SEC Responded<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">In the wake of the issue, the SEC took a few corrective steps. Senior officials can no longer send texts from agency devices. Backup protocols have <\/span><span data-preserver-spaces=\"true\">been updated<\/span><span data-preserver-spaces=\"true\">, and new training has <\/span><span data-preserver-spaces=\"true\">been rolled out<\/span><span data-preserver-spaces=\"true\">. The SEC also told the National Archives that records had <\/span><span data-preserver-spaces=\"true\">been lost<\/span><span data-preserver-spaces=\"true\">. But Coinbase says this is not enough. The company wants the court to force the SEC to hand over all communications involving crypto regulation and to take responsibility for what was lost.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Why It Matters<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">These missing texts were sent<\/span><span data-preserver-spaces=\"true\"> during a time when the SEC was taking a more aggressive approach to crypto. If messages about those decisions were lost, it would affect<\/span><span data-preserver-spaces=\"true\">\u00a0how companies can defend themselves in court. It also raises bigger questions about how much the public can trust regulatory transparency. Agencies have to follow the same rules they enforce. When they <\/span><span data-preserver-spaces=\"true\">don\u2019t<\/span><span data-preserver-spaces=\"true\">, the damage is not just technical, <\/span><span data-preserver-spaces=\"true\">it\u2019s<\/span><span data-preserver-spaces=\"true\"> institutional.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What Could Happen Next<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Coinbase is asking for more than just the texts. They want accountability. They want the SEC held to the same standards as everyone else. The court will decide if sanctions are needed and how far discovery should go. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> could set a precedent for how government agencies handle internal communications, especially during major industry crackdowns.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Coinbase filed a motion demanding sanctions and fast discovery after learning that former SEC Chair Gary Gensler\u2019s texts were deleted.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The missing texts span major crypto events, including the FTX collapse, and may have included policy discussions the SEC was required to preserve.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        An internal report revealed that Gensler\u2019s phone was reset under a device-wipe policy, and incomplete backups left the messages unrecoverable.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Coinbase argues this isn\u2019t just a tech issue, but a serious failure to follow legal obligations during a period of intense crypto enforcement.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The outcome could impact how government agencies handle record-keeping and transparency during industry crackdowns going forward.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/coinbase-demands-answers-after-sec-deletes-gensler-texts\/\">Coinbase Demands SEC Accountability Over Lost Gensler Texts<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase is pushing back hard against the SEC. The company filed a motion in federal court, asking for sanctions and fast-tracked discovery after learning that text messages from former SEC Chair Gary Gensler had been deleted. These messages spanned almost a full year, covering a period packed with major crypto developments. Timeline of Missing Messages [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-47133","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47133"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47133\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}