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

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.