Minutes ago, it was reported that the Securities and Exchange Commission (SEC) had approved the first Bitcoin Exchange Traded Funds (ETF). Apparently, the SEC’s X account was “compromised,” and the statement on X by SEC Chair Gary Gensler was bogus.
The X has now been deleted, but the statement is replicated below.
Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges.
The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection. pic.twitter.com/oJinqv0wcR
— U.S. Securities and Exchange Commission (@SECGov) January 9, 2024
Chair Gensler chimed in on the hack, stating the “Tweet” was unauthorized.
The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
— Gary Gensler (@GaryGensler) January 9, 2024
Some on X questioned how the SEC was able to protect investors when they were unable to protect their own X account.
Developing…
