SEC Says X Account Was ‘Compromised’ on False Bitcoin ETF Post | EUROtoday

Get real time updates directly on you device, subscribe now.

Updated Jan. 9, 2024 5:14 pm ET

The Securities and Exchange Commission mentioned its official X account was “compromised” when it posted late Tuesday that the company had accepted exchange-traded funds holding bitcoin, forcing Chair Gary Gensler and the regulator to disavow the mistaken submit.

Bitcoin briefly jumped to close $48,000 earlier than Gensler mentioned on the social-media community that the message was “unauthorized” and that the SEC “has not approved the listing and trading of spot bitcoin exchange-traded products.” The SEC later issued an analogous message. Bitcoin has greater than doubled since final January, partly on the expectation that approval would gasoline additional purchases of digital currencies.

Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8