The U.S. Securities and Exchange Commission (SEC) said it will cooperate with law enforcement to investigate the hack. "Unknown parties" accessed the SEC's X account and the unauthorized access has been terminated.Although there was a post on the U.S. Securities and Exchange Commission’s (SEC) social media account
The post included fake comments purporting to be from SEC Chairman Gary Gensler, briefly sending Bitcoin prices soaring. Traders have been speculating for weeks that the SEC could approve several of the products as early as Wednesday.
Gensler stated on his X account that the post was untrue and that the SEC had not yet approved the listing and trading of Bitcoin ETF products.
About a dozen companies have filed applications for spot Bitcoin ETFs, and the SEC must make a decision on at least one of them by January 10. Cryptocurrency industry insiders speculate that regulators will use the day to announce a series of decisions.