Gary Gensler Might Go Down as Worst SEC Chair in History: Tom Emmer
The Republican House Majority Whip made the feedback to Breitbart News on Tuesday, stating, “Gary Gensler would possibly go down as the worst SEC chair in historical past.”
Emmer accused Gensler of intentionally masking up his actions and being “lower than trustworthy,” characterizing it as a part of a broader sample of questionable habits by the Biden administration.
The outburst adopted final week’s report from the SEC’s Office of Inspector General (OIG) on a yr’s price of lacking texts from Gensler’s government-issued smartphone.
Gary Gensler would possibly go down as the worst SEC chair in historical past.
The lack of almost a yr’s price of textual content messages throughout his tenure is simply one other instance of the less-than-honest habits that marked the Biden administration.https://t.co/B1JF2mpAtV
— Tom Emmer (@GOPMajorityWhip) September 9, 2025
Missing Message Scandal
The SEC watchdog revealed that the IT division mistakenly wiped Gensler’s messages, erasing information tied to crypto enforcement actions and transparency. The knowledge loss was exacerbated by poor change administration, insufficient backups, ignored system alerts, and unaddressed vendor software program flaws, it acknowledged.
Around 1,500 messages from colleagues and different information have been recovered, and round 38% of them involved essential SEC motion and conversations about suing digital asset platforms in the course of the Biden administration’s war on crypto. Emmer said it was “simply extra gas for the hearth that he was operating his personal present.”
“I might argue that he was lower than trustworthy during and this, this simply smells. It smells once they talked about eager to have a clear, open-door coverage. There’s nothing clear about what that man was doing.”
Emmer concluded that the Trump administration is undoing “all of this rubbish that we handled for the final 4 years.”
This is simply one other instance of less-than-honest habits by the Biden administration, and in this specific case, “one of many worst bureaucrats that I’ve ever handled,” he stated.
Double Standards on the SEC
At the identical time the messages went lacking – between October 2022 and September 2023 – the SEC cracked down on the usage of messaging apps by banks and monetary establishments.
Several outstanding funding banking and monetary establishments, together with Barclays, Bank of America, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, UBS Securities, and Cantor Fitzgerald, have been charged with violating record-keeping and books-and-records legal guidelines beneath the Securities and Exchange Act.
“Finance, finally, relies on belief. By failing to honor their recordkeeping and books-and-records obligations, the market members we now have charged right this moment have failed to take care of that belief,” Gensler stated on the time.
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