Chair Gary Gensler clarified on Twitter that the U.S. Securities and Exchange Committee's official account was hacked, following a misleading tweet about the approval of spot Bitcoin ETFs. He stated, “The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.”
SEC Twitter/X gets hacked, saying all Bitcoin ETFs are approved
1/9/2024
The financial world has been eagerly anticipating the SEC's decision on spot Bitcoin ETFs, a development that would allow American investors to trade this popular cryptocurrency as shares on major stock exchanges. Despite expectations for an approval announcement at Wednesday's market close, a surprise tweet from the SEC's official account erroneously signaled its approval.
However, Gary Gensler promptly issued a correction on Twitter, emphasizing that the SEC had not yet approved the listing and trading of these much-awaited products.
This incident adds to the ongoing drama surrounding the SEC's historical resistance to sanctioning such investment vehicles, often citing risks of market manipulation. The situation shifted following a significant win in August by Grayscale, a potential issuer for the Bitcoin ETF, in its lawsuit against the SEC. Since then, the agency has been reconsidering applications, now involving major firms like BlackRock.
Elon Musk has said: The Trump tariffs will cause a recession in the second half of this year
6/5/2025 8:32 PMTrump has said: I don’t mind Elon turning against me, but he should have done so months ago
6/5/2025 8:27 PMElon Musk has endorsed a post saying Trump should be impeached
6/5/2025 8:26 PMElon Musk has said: In light of the President’s statement about cancellation of my government contracts, SpaceX will begin decommissioning its Dragon spacecraft immediately
6/5/2025 8:22 PM
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.