The Securities and Exchange Commission‘s X, formerly Twitter, account was hacked and issued a fake announcement approving the use of bitcoin on registered national securities exchanges, SEC Chairman Gary Gensler announced.
On Tuesday afternoon, the SEC’s X account announced that bitcoin had been approved for listing and regulation by the agency.
“Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges,” the post read. “The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection.”
The post included a purported quote from Gensler praising the decision as furthering transparency and efficiency.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Fifteen minutes later, Gensler announced that the SEC X account had been compromised and said the announcement was fake.
“The @SECGov twitter account was compromised, and an unauthorized tweet was posted,” he wrote. “The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.”
