SEC X Account Compromised to Falsely Say Bitcoin ETFs Approved

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SEC X Account Compromised to Falsely Say Bitcoin ETFs Approved

Bloomberg01-10

Agency says X post on spot-Bitcoin ETFs approval was fakeSEC Chair Gary Gensler says that no decision was made TuesdayThe US Securities and Exchange Commission said it had not yet granted approval of ...

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Traders have been speculating for weeks that the agency could approve several of the products as soon as Wednesday.Gensler said from his own X account that the regulator’s account had been “compromised,” an unauthorized statement was posted and that the agency hadn’t taken action.About a dozen companies have applied to list ETFs backed by Bitcoin in the US. The SEC has until Jan. 10 to take action on at least one of those applications, and crypto insiders have speculated the regulator will use that date to announce a slew of decisions at once.There are two technical requirements that must be fulfilled before a spot-backed Bitcoin ETF can start trading. First, the SEC must sign off on so-called 19b-4 filings by the exchanges that would list the ETFs. 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