A raft of US senators have demanded answers from the Securities and Exchange Commission (SEC) after a security incident led to false and market-moving information being published by the financial regulator.
At 4:11 pm ET on January 9, a post was published to the SEC’s X account announcing the approval of spot bitcoin ETFs, a type of financial product that would allow people to invest in the crypto asset through a regular brokerage. By 4:26 pm, SEC chair Gary Gensler had issued a retraction and said the agency’s account had been “compromised,” and that an “unauthorized tweet was posted.” The damage had already been done.
There has been speculation by media
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