SEC to investigate itself after false Bitcoin ETF approval post on X

Yesterday was looking like a quiet day ahead of the U.S. SEC’s anticipated Jan. 10 decision deadline for approving the first spot Bitcoin ETFs in the United States. That was until the SEC’s X account posted an official-looking announcement that the ETFs had been approved. A few minutes later, SEC Chair Gary Gensler posted from his X account, saying the SEC’s X account had been compromised and the announcement was fake. For a full low-down on this debacle, we’ve dedicated an entire episode to yesterday’s SEC whoopsie!

Further reading:

• Gary Gensler reports SEC X account ‘compromised’ — No spot Bitcoin ETF approval yet
• Bitcoin ETF’s false start: Hack or fat-fingered SEC intern?
• Lawyers, politicians call for investigation of SEC over Bitcoin ETF post
• Bitcoin ETF decision unlikely to be delayed due to SEC hack — Commentators
• SEC did not have 2FA enabled: X safety team on fake Bitcoin ETF post

So, grab yourself a coffee, and let’s get into it!

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