SEC chief says agency X account was hacked after apparent bitcoin fund approval

Securities and Exchange Commissioner (SEC) Gary Gensler said Tuesday that the agency’s account on X, the platform formerly known as Twitter, was hacked, after it appeared to announce the approval of several bitcoin investment funds. “The 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,” Gensler said on X through his official account. Both Gensler’s and the SEC’s accounts are verified on the platform as government officials. Gensler’s statement came roughly 15 minutes after the SEC — featuring a picture of the commissioner — that announced it had approved exchange traded funds (ETFs) holding bitcoin throughout the U.S.

The SEC has been expected to announce the approval of several bitcoin ETFs by Wednesday in compliance with a federal court ruling, including a fund from Greyscale holding roughly $29 billion in bitcoin..