The Securities and Alternate Fee (SEC)
encountered a major stir as its Twitter account appeared to announce
approvals for Bitcoin exchange-traded funds (ETFs) prematurely.
Nonetheless, opposite to the tweet’s assertion, SEC
Chair Gary Gensler confirmed that no spot Bitcoin ETF purposes had acquired
approval as of Tuesday afternoon. The regulator’s official assertion debunked
the tweet as a result of an account compromise, underscoring that the SEC had not
endorsed the itemizing or buying and selling of such ETFs.
The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not accredited the itemizing and buying and selling of spot bitcoin exchange-traded merchandise.
— Gary Gensler (@GaryGensler) January 9, 2024
Regardless of this incident, expectations loom for the
SEC’s future approval of spot Bitcoin ETF purposes, although no such approval
had transpired by the point of the compromised tweet.
Gensler took to his Twitter account to make clear the
misunderstanding, affirming the shortage of authorization to identify Bitcoin ETFs. The
SEC’s spokesperson echoed this sentiment by way of e mail, categorically denying the
legitimacy of the tweet that circulated misinformation concerning Bitcoin ETF
approvals.
Equally, the SEC’s Twitter account highlighted the fuss brought on by the manipulated announcement about approving the Bitcoin ETFs. Its official assertion, arising from a compromised account, firmly acknowledged that the SEC did not assist or approve the buying and selling or itemizing of those ETFs.
The @SECGov X account was compromised, and an unauthorized submit was posted. The SEC has not accredited the itemizing and buying and selling of spot bitcoin exchange-traded merchandise.
— U.S. Securities and Alternate Fee (@SECGov) January 9, 2024
The Securities and Alternate Fee (SEC)
encountered a major stir as its Twitter account appeared to announce
approvals for Bitcoin exchange-traded funds (ETFs) prematurely.
Nonetheless, opposite to the tweet’s assertion, SEC
Chair Gary Gensler confirmed that no spot Bitcoin ETF purposes had acquired
approval as of Tuesday afternoon. The regulator’s official assertion debunked
the tweet as a result of an account compromise, underscoring that the SEC had not
endorsed the itemizing or buying and selling of such ETFs.
The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not accredited the itemizing and buying and selling of spot bitcoin exchange-traded merchandise.
— Gary Gensler (@GaryGensler) January 9, 2024
Regardless of this incident, expectations loom for the
SEC’s future approval of spot Bitcoin ETF purposes, although no such approval
had transpired by the point of the compromised tweet.
Gensler took to his Twitter account to make clear the
misunderstanding, affirming the shortage of authorization to identify Bitcoin ETFs. The
SEC’s spokesperson echoed this sentiment by way of e mail, categorically denying the
legitimacy of the tweet that circulated misinformation concerning Bitcoin ETF
approvals.
Equally, the SEC’s Twitter account highlighted the fuss brought on by the manipulated announcement about approving the Bitcoin ETFs. Its official assertion, arising from a compromised account, firmly acknowledged that the SEC did not assist or approve the buying and selling or itemizing of those ETFs.
The @SECGov X account was compromised, and an unauthorized submit was posted. The SEC has not accredited the itemizing and buying and selling of spot bitcoin exchange-traded merchandise.
— U.S. Securities and Alternate Fee (@SECGov) January 9, 2024
