Unauthorized sharing from SEC's X account

US Securities and Exchange Commission (SEC) Chairman Gary Gensler reported that the SEC’s X account was compromised and unauthorized sharing was made regarding the spot Bitcoin ETF approval. The SEC’s social media account was compromised and the unauthorized sharing was made. At midnight on Tuesday, the US Securities and Exchange Commission (SEC) account was compromised and a post was made regarding the approval of spot Bitcoin Exchange Traded Funds (ETFs). It was immediately stated that the sharing was unauthorized. The Securities and Exchange Commission said that the announcement made on social media about Bitcoin ETFs on Tuesday night was false. US Securities and Exchange Commission (SEC) Chairman Gary Gensler reported that the SEC’s X account was compromised and unauthorized sharing was made regarding the spot Bitcoin ETF approval. The SEC is expected to make a decision this week on Bitcoin ETFs, which it has opposed for years. More than a dozen asset managers have applied to create such a fund; many of them submitted updated records on Tuesday morning. The price of Bitcoin rose briefly following the false social media post, but then fell rapidly. The cryptocurrency has been on a roll in recent months, in part due to growing optimism that spot Bitcoin ETFs will be approved. Cryptocurrency advocates argue that the launch of such funds could bring new types of investors to the digital asset.