SEC says its X account was compromised, and it has not approved bitcoin ETFs

by | Jan 9, 2024 | Stock Market

A previous MarketWatch report and breaking-news alert inaccurately indicated, citing a post on the social-media platform X, that the Securities and Exchange Commission had approved the launch of exchange-traded funds tied to bitcoin. Chair Gary Gensler said the regulator’s account on X, formerly Twitter, had been compromised and the purported news was not true. The U.S. Securities and Exchange Commission’s official account on X, formerly known as Twitter, was compromised on Tuesday and published an unauthorized post that the agency had approved the launch of exchange-traded funds investing directly in bitcoin.

But in fact, the agency has not approved any spot bitcoin ETFs, and the earlier post, now deleted, was sent by an unauthorized user, SEC Chair Gary Gensler said Tuesday. “The SEC has not approved the listing and trading of spot bitcoin exchange-traded products,” Gensler said on X. “The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff,” a spokesperson at the SEC confirmed to MarketWatch via email. Bitcoin’s price
BTCUSD,
+1.55%
briefly shot more than 2% higher Tuesday afternoon after the unauthorized post went out, before falling back. The cryptocurrency is down 2.4% over the past 24 hours to around $45,840, according to CoinDesk data. Cryp …

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[mwai_chat context=”Let’s have a discussion about this article:nnA previous MarketWatch report and breaking-news alert inaccurately indicated, citing a post on the social-media platform X, that the Securities and Exchange Commission had approved the launch of exchange-traded funds tied to bitcoin. Chair Gary Gensler said the regulator’s account on X, formerly Twitter, had been compromised and the purported news was not true. The U.S. Securities and Exchange Commission’s official account on X, formerly known as Twitter, was compromised on Tuesday and published an unauthorized post that the agency had approved the launch of exchange-traded funds investing directly in bitcoin.

But in fact, the agency has not approved any spot bitcoin ETFs, and the earlier post, now deleted, was sent by an unauthorized user, SEC Chair Gary Gensler said Tuesday. “The SEC has not approved the listing and trading of spot bitcoin exchange-traded products,” Gensler said on X. “The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff,” a spokesperson at the SEC confirmed to MarketWatch via email. Bitcoin’s price
BTCUSD,
+1.55%
briefly shot more than 2% higher Tuesday afternoon after the unauthorized post went out, before falling back. The cryptocurrency is down 2.4% over the past 24 hours to around $45,840, according to CoinDesk data. Cryp …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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