The SEC approved #bitcoin twice
Bitcoin ETFs Finally Approved after a Chaotic, "Embarrassing" 24 Hours for SEC
From 'unauthorized' tweets to broken web pages, it's been a topsy-turvy week for the regulator. On Wednesday, the U.S. Securities and Exchange Commission for the first time greenlighted several exchange-traded funds investing directly in bitcoin.But the 24 hours leading up to that approval were chaotic, to say the least.On Tuesday, however, the SEC's official account on X, formerly known as Twitter, published what the agency described as an "unauthorized" post indicating that it had approved the spot bitcoin ETFs. In reality, the regulator had not approved any such ETFs as of Tuesday and its X account had been "compromised," SEC Chair Gary Gensler said on the social-media platform. The SEC subsequently deleted the unauthorized post.The agency found "there was unauthorized access to and activity on" the its X account by "an unknown party," an SEC spokesperson said on Tuesday, adding that the "unauthorized access has been terminated" and that the SEC would work with law enforcement to in
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