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Did the SEC Approve a Bitcoin ETF?
SEC Needs to be Held Accountable
Was the Tweet Real, Just at the Wrong Time?
On the eve of the event, the official account of the U.S. Securities and Exchange Commission (SEC) suddenly released news this morning that it had approved a Bitcoin spot ETF. It claimed that the Bitcoin ETF would soon be listed on nationally registered securities exchanges.
However, 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 significant price fluctuations.
This incident caused a stir in the community, and people discovered that the SEC’s X account did not even use 2FA to protect account security. This led to widespread criticism and condemnation of the SEC and its chairman on social media platforms. Senator Bill Hagerty, for example, posted on X stating that the SEC needs to take responsibility for committing such a “market-impacting mistake.”
It is worth mentioning that although the SEC chairman claimed that the account published false content due to a hacker intrusion, more and more people are pointing out that the content of that “fake tweet” (including the images in the tweet) is consistent with the SEC’s style, suggesting that it may have been a “prepared tweet draft forcibly released by hackers” or “the SEC set the tweet date incorrectly.”
Bloomberg analyst Eric Balchunas even initiated a poll on X, showing that many people, like him, believe that the source of this tweet is likely from within the SEC.
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