Bitcoin Enthusiast Echoes Nakamoto with Blockchain Message Amid ETF Approval Rumors
Summary:
In the midst of rumors about a Bitcoin ETF approval, a Bitcoin enthusiast marked the event by inscribing a message into the Bitcoin blockchain. This action parallels Bitcoin's creator, Satoshi Nakamoto, who similarly inserted a sentence into the first Bitcoin block. As the speculation continues, an unverified post on the SEC's account falsely claimed all spot Bitcoin ETFs were approved, prompting three US Senators to demand an explanation of the security breach.
In the wake of rumors suggesting the approval of a Bitcoin exchange-traded fund (ETF), a Bitcoin enthusiast chose to mark this point in time by inscribing a message into the Bitcoin blockchain. The transaction, timestamped January 9 at 7:24 pm UTC, was authenticated with a text reading “SEC Chairman on the brink of second ETF approval.” This message referencing an ETF appeared on the Bitcoin blockchain and can be traced using the Mempool block explorer.
This action echoes the Bitcoin’s anonymous creator, Satoshi Nakamoto, who famously incorporated the phrase “Chancellor on brink of second bailout for banks” into the inaugural Bitcoin block. Both instances saw text placed into the OP-RETURN field of a transaction for permanent inclusion in the Bitcoin blockchain.
As of now, the U.S. Securities and Exchange Commission (SEC) has not permitted any spot Bitcoin ETF. However, the SEC had given the green light to the initial Bitcoin futures ETF in October 2021, which might possibly explain why the recent post's author made reference to an imminent "second ETF approval" rather than the inaugural one. The use of the term "second" could simply be an attempt to echo Nakamoto's original phrasing.
Interestingly, shortly before this blockchain message, a statement appeared on the SEC's X account claiming the approval of all spot Bitcoin ETFs. This claim was subsequently dismissed as incorrect with the SEC's chairman, Gary Gensler, rapidly clarifying on a post that their account had been breached. Following this incident, three U.S. Senators demanded Gensler explain how the security breach occurred.
Published At
1/10/2024 8:02:01 PM
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