SEC Chairman Debunks False Claims of Bitcoin Spot ETF Approval Following Twitter Account Hack
Summary:
Erroneous news surrounding the approval of Bitcoin spot exchange-traded funds by the US Securities and Exchange Commission (SEC) circulated following a false tweet from SEC's official X (previously Twitter) account. SEC chair Gary Gensler refuted the claim, revealing the account was hacked and the unauthorized tweet was posted. Media platforms, such as Cointelegraph, Blockworks, and Reuters, had originally reported the false information. Updates will follow as the situation evolves.
A misinformed news story recently circulated across different media platforms following a tweet on the official X account (previously known as Twitter), maintained by the US Securities and Exchange Commission (SEC). This tweet falsely stated that for the first time, the regulatory body had given its approval for Bitcoin spot exchange-traded funds to operate. On January 9th, Gary Gensler, the chair of the SEC, clarified via an X post that contrary to the erroneous tweet from the SEC's official X account, the commission has not taken any decision about listing or trading Bitcoin spot exchange-traded funds. Prior to Gensler's declaration, several news media, including Cointelegraph, Blockworks, and Reuters, had covered the incorrect story released by the SEC. In his statement on January 9, 2024, Gensler confirmed that the official twitter handle of the SEC was hacked and an unauthorized tweet had been posted. He firmly stated that the SEC has not given its approval for any listing or trading of Bitcoin spot exchange-traded products. As the story is still unfolding, updated information will be included as it becomes accessible.
Published At
1/10/2024 12:37:37 AM
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