← Go back Jan 01, 2024
The Securities and Exchange Commission said Tuesday that a post from the agency on X puportedly approving spot bitcoin exchange-traded funds was fake, saying its account had been breached. The SEC's official account on the platform, formerly known as Twitter, was "compromised," SEC Chair Gary Gensler said in a post from his official account on X. "The @SECGov twitter account was compromised, and an unauthorized tweet was posted," Gensler wrote , adding that the SEC has not yet granted any approvals of the more than a dozen applications by financial firms for the bitcoin ETFs. 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. — Gary Gensler (@GaryGensler) January 9, 2024 Neither the SEC nor X immediately replied to a request for comment. The SEC is widely expected to give the green light this week for a number of financial firms, including industry giants BlackRock, Fidelity Investments and Franklin Templeton, to offer spot bitcoin ETFs. The approvals could spur investment in bitcoin and bolster cryptocurrency industry, pouring billions of dollars into the turbulent digital assets market, according to experts. More from CBS News Musk's X signs content deals with Don Lemon, Tulsi Gabbard and Jim Rome China says foreign consultancy boss caught spying for U.K. Russia says it has detained a U.S. citizen on drug charges High-yield savings vs. regular savings account: How much more could you be earning? Apple is sending out iPhone settlement money. Here's what to know. In: Bitcoin Elizabeth Napolitano Elizabeth Napolitano is a freelance reporter at CBS MoneyWatch, where she covers business and technology news. She also writes for CoinDesk. Before joining CBS, she interned at NBC News' BizTech Unit and worked on the Associated Press' web scraping team.
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