SEC CEO Statement: Regulator’s X Account Compromised, Unauthorized Bitcoin Funds Notice Posted

However, SEC CEO Gary Gensler stated that the regulator’s X account had been “compromised” and an “unauthorized” notice had been posted. He emphasized that the regulator had not yet approved the listed bitcoin funds.

The fake message on X was only online for a few minutes before the SEC clarified that it was incorrect. In that short period, the price of bitcoin rose from about $46,700 to almost $48,000 before falling back to $45,000.

Bitcoin has risen in value by about 160 percent since the beginning of last year due to optimism about the possible arrival of listed bitcoin funds. Investors in the currency are hoping that the SEC will give approval for these funds this week.

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2024-01-10 06:45:31
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