The Defiant

Gensler Said SEC's Twitter is "Compromised" After Account Announced Bitcoin ETF Approval

Just minutes earlier, the SEC had posted on X that the ETF had been approved.

By: Camila Russo Loading...

Gensler Said SEC's Twitter is "Compromised" After Account Announced Bitcoin ETF Approval

The U.S. Securities and Exchange Commission (SEC) has not approved spot bitcoin ETF applications as of Tuesday afternoon, chair Gary Gensler, said via his own X account.

"The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products," Gensler tweeted.

Just minutes earlier, the SEC had posted on X "today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges. The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection."

Bitcoin swung wildly on the news, jumping to almost touch $48,000 with the compromised SEC tweet, and dropping to $46,291 after Gensler tweeted.

The SEC is expected to announce its decision to approve or deny applications to list spot Bitcoin ETFs by tomorrow, Jan. 10.

The fake announcement sparked speculation on whether the SEC's twitter account had really been hacked, or if instead, it had published a planned tweet on the wrong date.

"I think someone prepped a planned tweet and put wrong date, bc the tweet would have made PERFECT sense tomorrow at this time," said Bloomberg analyst Eric Balchunas.

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