The Securities and Change Fee (SEC)
encountered a major stir after its Twitter account appeared to announce
approval for spot Bitcoin exchange-traded funds (ETFs).
Nevertheless, opposite to the tweet’s assertion, the SEC’s Chair Gary Gensler confirmed that not one of the functions for spot Bitcoin ETFs had acquired
approval as of Tuesday afternoon. The regulator’s official assertion dismissed
the tweet as a result of alleged compromise to its Twitter account.
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 functions, 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. Equally, the SEC’s Twitter account highlighted the fuss attributable to the manipulated announcement about approving the spot Bitcoin ETFs.
The regulator’s official assertion, arising from a compromised account, firmly said that the SEC did not help or approve the buying and selling or itemizing of spot Bitcoin ETFs.
The @SECGov X account was compromised, and an unauthorized publish was posted. The SEC has not accredited the itemizing and buying and selling of spot bitcoin exchange-traded merchandise.
— U.S. Securities and Change Fee (@SECGov) January 9, 2024
Bitcoin Fluctuates
These latest developments have led to disappointment among the many crypto group, together with a piece of the US Congress. In the meantime, Bitcoin quickly surged 4% to commerce at over $47,000, based on CoinMarketCap. Regardless of the market sentiment, the worth of Bitcoin dropped to round $45,300.
Similar to the SEC would demand accountability from a public firm in the event that they made such a colossal market-moving mistake, Congress wants solutions on what simply occurred. That is unacceptable. https://t.co/tWtLqHtqpu
— Senator Invoice Hagerty (@SenatorHagerty) January 9, 2024
The Securities and Change Fee (SEC)
encountered a major stir after its Twitter account appeared to announce
approval for spot Bitcoin exchange-traded funds (ETFs).
Nevertheless, opposite to the tweet’s assertion, the SEC’s Chair Gary Gensler confirmed that not one of the functions for spot Bitcoin ETFs had acquired
approval as of Tuesday afternoon. The regulator’s official assertion dismissed
the tweet as a result of alleged compromise to its Twitter account.
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 functions, 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. Equally, the SEC’s Twitter account highlighted the fuss attributable to the manipulated announcement about approving the spot Bitcoin ETFs.
The regulator’s official assertion, arising from a compromised account, firmly said that the SEC did not help or approve the buying and selling or itemizing of spot Bitcoin ETFs.
The @SECGov X account was compromised, and an unauthorized publish was posted. The SEC has not accredited the itemizing and buying and selling of spot bitcoin exchange-traded merchandise.
— U.S. Securities and Change Fee (@SECGov) January 9, 2024
Bitcoin Fluctuates
These latest developments have led to disappointment among the many crypto group, together with a piece of the US Congress. In the meantime, Bitcoin quickly surged 4% to commerce at over $47,000, based on CoinMarketCap. Regardless of the market sentiment, the worth of Bitcoin dropped to round $45,300.
Similar to the SEC would demand accountability from a public firm in the event that they made such a colossal market-moving mistake, Congress wants solutions on what simply occurred. That is unacceptable. https://t.co/tWtLqHtqpu
— Senator Invoice Hagerty (@SenatorHagerty) January 9, 2024
