A hacker hijacked the U.S. Securities and Exchange Commission’s frenzy ensues.
At 1:11 PM PST on Tuesday, the SEC’s official X-account announced that it had approved Bitcoin ETF listings on all registered national securities exchanges.
The post also included a fake quote from SEC Chairman Gary Gensler.
Crypto analysts and news websites happily shared the fake news on the internet, and Bitcoin’s price briefly rose above $47,600.
Gensler, however went to X 15 minutes later I noticed that the post was the work of a hacker.
“The @SECGov Twitter account has been compromised and an unauthorized tweet has been posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.”
The official SEC confirmed Gensler’s statements.
The @SECGov X account has been hacked and an unauthorized post has been made. The SEC has not approved the listing and trading of bitcoin products traded on the spot market.
— U.S. Securities and Exchange Commission (@SECGov) January 9, 2024
Bitcoin’s price has since fallen to $45,467 at the time of writing.
The SEC approved the launch of the country’s first Bitcoin futures ETFs in October 2021. The regulator has rejected all spot BTC ETF applications so far, although that could change very soon.
A slew of financial giants have actively filed spot BTC ETF applications, and numerous industry analysts expect that some or all of these ETF applications could be approved this week.
Fox Business reported this weekend that BlackRock, the world’s largest asset manager, expects the SEC to greenlight its BTC ETF filing on Wednesday, January 10.
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