Gary Gensler, chairman of the SEC, is reporting via Twitter that the US Securities and Exchange Commission has seen its Twitter account hacked. The statement follows the account indicating that the first bitcoin exchange traded funds have been approved for trading.
Gensler commented that the account was compromised, with “an unauthorized tweet” posted. Bitcoin ETF’s as a result have not been approved for trading.
The US Securities Commission had tweeted that “the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges,” and that approved ETF’s were to be subject to ongoing surveillance and compliance measures.
The tweet included a supposed quote from Gary Gensler, that the approval “enhances market transparency.”
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The fake approval was said to impact eleven separate bitcoin ETF’s with advisors providing the funds including VanEck, BlackRock, Grayscale, ArkInvest and more.
It’s unclear how the hacked tweet will impact approval, if at all.
If nothing else, remember this key point from the SEC issued last year.
Information for this briefing was found via Twitter and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
