Coinbase sues US Securities and Exchange Commission over deleteed Gensler’s Texts

American cryptocurrency exchange Coinbase has called out the United States Securities and Exchange Commission (SEC) over some suspicious move involving Gary Gensler, the former chairman of the agency. The exchange has asked the federal court to address the agency’s latest gross violation of public trust.According to a filing sent to the court on Sept. 11 through History Associates, Coinbase claims that the SEC erased a year of Gary Gensler’s text messages. It referred to a Sept. 3 report from the Inspector General, citing that the Commission excluded officials’ text messages while it was processing FOIA requests. It is worth noting that much of this communication qualifies as agency records subject to FOIA.It is worth noting that the SEC took the step of erasing almost a year’s worth of text messages sent and received by Gensler under a new policy back in September 2023. It turns out that the agency’s IT staff initiated a factory reset of the smartphone. This led to the permanent deletion of the device’s data, which includes nearly a year’s worth of text messages.Can federal bodies be trusted ?