Gensler Says SEC Twitter Account Was Compromised, Bitcoin ETFs Not Authorised

The SEC has not accredited Bitcoin ETFs, as reported earlier on the SEC’s official X account. SEC Chairman Gary Gensler stated the account was “compromised.”

“The@SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not accredited the itemizing and buying and selling of spot bitcoin exchange-traded merchandise,” Gensler tweeted.

The obvious flagrant publish learn:

“At this time the SEC grants approval for #Bitcoin ETFs for itemizing on all registered nationwide securities exchanges.”

“At this time’s approval enhances market transparency and gives buyers with environment friendly entry to digital asset investments inside a regulated framework,” an obvious flagrant quote from Gensler added.

After initially spiking greater on the false report, Bitcoin value is down about 2.7% to $45,784.74. Coinbase (NASDAQ:) is down 1.4% at 16:36 EDT (21:36 GMT).