SEC Debunks False Claims of Spot Bitcoin ETF Approval
Summary:
An erroneous article circulated after SEC's official X account falsely claimed approval of a spot Bitcoin ETF. However, SEC Chair Gary Gensler clarified that they had not endorsed any such activity. This premature report was initially covered by several media outlets. The story is still evolving.
An inaccurate report made rounds after the United States Securities and Exchange Commission (SEC)'s official X account, erstwhile Twitter, made a declaration that the agency gave approval to spot Bitcoin ETF. In an X entry dated January 9, Gary Gensler, the SEC chief, contradicted the previous claim stating that they had "not endorsed the listing and trading of spot Bitcoin exchange-traded products," contrary to the official X post of SEC. Several media platforms, such as Cointelegraph, Blockworks, and Reuters, prematurely reported the SEC's initial story prior to Gensler's clarification. This story is still unfolding, and additional details will be incorporated as they emerge.
Published At
1/10/2024 12:53:31 AM
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