Gary Gensler, the chair of the SEC, reveals that the agency’s X (formerly Twitter) account was compromised, spreading false news about the approval of a spot Bitcoin exchange-traded fund (ETF).
“The SEC gov Twitter account was compromised, and an unauthorized tweet was posted,” Gensler posted.
Gensler Declares the Bitcoin ETF Announcement is False
On X, Gensler announced that the SEC’s social media account was compromised. However, the post falsely alerted the significant following to the regulator’s approval of the spot Bitcoin ETF. This week holds high expectations for a crucial decision.
“The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.”
The deadline for the SEC to deliver the decision on the ARK 21Shares spot Bitcoin ETF application is January 10.
Despite the positive appearance of the announcement and subsequent correction, the price impact wasn’t substantial. There was a slight drop, but it has since stabilized.
At the time of publication, Bitcoin’s price is $46,066.
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Author: Ciaran Lyons
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