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SEC Approves Bitcoin ETF?
SEC Needs to be Held Accountable
Was the Tweet Real or Just a Timing Issue?
Just on the eve, the official account of the U.S. Securities and Exchange Commission (SEC) suddenly released news this morning, claiming the approval of a Bitcoin spot ETF. It stated that the Bitcoin ETF would soon be listed on nationally registered stock exchanges.
Little did they know, SEC Chairman Gary Gensler later tweeted that the official SEC X account had been hacked and that the Bitcoin spot ETF had not actually been approved.
As a result, the price of Bitcoin experienced violent price fluctuations.
This incident has caused a stir in the community, and people have discovered that the SEC’s X account did not even use 2FA to protect the account’s security. This has led to widespread criticism and condemnation of the SEC and its chairman on social media platforms. Senator Bill Hagerty, for instance, posted on X stating that the SEC needs to take responsibility for “such market-impacting mistakes.”
It is worth mentioning that although the SEC chairman claimed that the account was compromised and false content was posted, more and more people are pointing out that the content of the “fake tweet” (including the images in the tweet) aligns with the SEC’s style. Therefore, it cannot be ruled out that it was either a “pre-prepared draft by the SEC that was forcefully released by hackers” or a “mistake in setting the tweet’s publication date by the SEC.”
Bloomberg analyst Eric Balchunas even initiated a voting activity on X, showing that many people believe that the source of this tweet is likely from within the SEC.
