Gary Gensler Might Go Down as Worst SEC Chair in History: Tom Emmer

The Republican Home Majority Whip made the feedback to Breitbart Information on Tuesday, stating, “Gary Gensler would possibly go down because the worst SEC chair in historical past.”

Emmer accused Gensler of intentionally protecting up his actions and being “lower than sincere,” 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 Workplace of Inspector Normal (OIG) on a yr’s price of lacking texts from Gensler’s government-issued smartphone.

Gary Gensler would possibly go down because the worst SEC chair in historical past.

The lack of practically 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

Lacking Message Scandal

The SEC watchdog revealed that the IT division mistakenly wiped Gensler’s messages, erasing data tied to crypto enforcement actions and transparency. The information loss was exacerbated by poor change administration, insufficient backups, ignored system alerts, and unaddressed vendor software program flaws, it acknowledged.

Round 1,500 messages from colleagues and different data have been recovered, and round 38% of them involved important 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 fireplace that he was working his personal present.”

“I might argue that he was lower than sincere all over and this, this simply smells. It smells after 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.”

That is simply one other instance of less-than-honest habits by the Biden administration, and on this explicit case, “one of many worst bureaucrats that I’ve ever handled,” he mentioned.

Double Requirements on the SEC

On the similar 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.

A number of distinguished funding banking and monetary establishments, together with Barclays, Financial institution of America, Citigroup, Credit score Suisse, Deutsche Financial institution, 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 Alternate Act.

“Finance, in the end, will depend on belief. By failing to honor their recordkeeping and books-and-records obligations, the market individuals now we have charged in the present day have failed to take care of that belief,” Gensler mentioned on the time.