© Reuters. Gensler Says SEC Twitter Account Compromised and Bitcoin ETFs Not Approved
The SEC has not approved Bitcoin ETFs, as previously reported on the SEC’s official X account. SEC Chairman Gary Gensler said the account was “compromised.”
“The @SECGov Twitter account was compromised and an unauthorized tweet was posted. The SEC has not approved the listing or trading of spot bitcoin exchange-traded products,” Gensler tweeted.
The seemingly blatant post read:
“Today, the SEC grants approval for #Bitcoin ETFs to list on all registered national stock exchanges.”
“Today’s approval enhances market transparency and provides investors with efficient access to digital asset investments within a regulated framework,” added a seemingly blatant quote from Gensler.
After initially rising on the false report, the price of Bitcoin fell by approximately 2.7% to $45,784.74. Coinbase (NASDAQ 🙂 was down 1.4% at 16:36 EDT (21:36 GMT).
