SEC's Account Compromised, False Bitcoin ETF Approval Announced

Crypto markets react to false post as senators call for accountability; decision on ETF application expected Wednesday.

The Securities and Exchange Commission (SEC) has clarified that its X account was accessed by an unauthorized party who falsely announced the approval of spot bitcoin ETFs.
SEC Chair Gary Gensler confirmed that the agency has not approved the listing and trading of spot bitcoin exchange traded products.
The false post led to a temporary surge in crypto markets, which fell after the SEC clarified that a decision has yet to be made.
Senators Bill Hagerty and Cynthia Lummis have called for transparency and accountability from the SEC in the wake of the post.
The SEC has until Wednesday to approve or deny Ark 21Shares’ bitcoin ETF application.