SEC Chair Gary Gensler rushed to make an emergency announcement, stating their X social media handle was hacked|@GaryGensler|X
Prices of Bitcoin shot up nearly $48,000 yesterday after the Securities and Exchange Commission’s (SEC) official X (Twitter) account erroneously posted that national exchanges were approved to list Bitcoin ETFs.
SEC Chair Gary Gensler rushed to make an emergency announcement stating their X social media handle was hacked, the message was “unauthorized,” and the SEC had not approved bitcoin ETFs.
Bitcoin prices fell below $46,000 after the correction. The SEC will investigate the unauthorized access to its account.
The incident comes ahead of an expected SEC decision on approval of spot bitcoin ETFs.
Wednesday is the deadline for approving or rejecting a joint venture between ARK Investment Management and crypto asset manager 21Shares.