Former U.S. Securities and Exchange Commission Chairman Gary Gensler is under investigation by Republican lawmakers for text messages lost due to automatic device wiping from October 2022 to September 2023. During this period, the SEC filed lawsuits against cryptocurrency companies such as Coinbase and Binance, and Coinbase is currently seeking a court order to search for these messages. Lawmakers also mentioned Gensler's past use of personal email while at the Commodity Futures Trading Commission (CFTC), raising concerns about record-keeping compliance and regulatory integrity.