SEC Chair Gary Gensler denies prior post about approving bitcoin ETF applications

Published: 10 January 2024 at 00:15

Securities and Exchange Commission (SEC) Chair Gary Gensler stated that the agencys account on a social media platform (referred to as X) was compromised and denied a previous post about approving pending bitcoin exchange-traded fund (ETF) applications. The initial post caused excitement in the crypto market and led to premature statements from trade organizations. The SEC is currently considering approving the first-ever bitcoin ETF in the US, which would expand trading in the cryptocurrency. Republican Senator Bill Hagerty called the SECs original post unacceptable and requested answers.

SOURCES

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