After the official Twitter account for the U.S. Securities and Exchange Committee tweeted the long-awaited approval for spot Bitcoin ETFs, Chair Gary Gensler took to the social media platform to announce that the account had in fact been hacked.
“The @SECGov twitter account was compromised, and an authorized tweet was posted,” he wrote. “The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.”
Financial markets have been awaiting news of SEC approval for spot Bitcoin ETFs, which would give U.S. investors the ability to trade the popular cryptocurrency in the form of shares on major exchanges. While all signs pointed to an approval coming at the close of markets on Wednesday, a surprise post from the official SEC account seemed to announce the green light.
This is a developing story.
