Hacked SEC account announces misleading bitcoin news: Chairman Gary Gensler

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.

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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
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