In their letter, Vance and Tillis set a deadline of January 23 for the SEC to elucidate its plans to investigate what happened, among other things.
The SEC did not respond when asked whether it will make a preliminary disclosure of this kind.
In the aftermath of the security breach, Gensler-something of a cartoon villain in crypto circles due to his agency's aggression toward the industry-has faced mockery and calls for his resignation among crypto personalities on X. It is unlikely says industry analyst Noelle Acheson, formerly of crypto brokerage Genesis, that Gensler will be forced to resign.
Though an organization like the SEC should be expected to uphold tight security stands, says Stark, who currently works as a cybersecurity consultant, it is impossible to prevent all breaches.
This Cyber News was published on www.wired.com. Publication date: Wed, 10 Jan 2024 16:28:04 +0000