US SEC: "Approval of Bitcoin Spot ETF Was a Mistake"

"Official Account Hacked"

The U.S. Securities and Exchange Commission (SEC) announced on the 9th (local time) that there was an error in the announcement regarding the approval of a Bitcoin spot exchange-traded fund (ETF).

According to the financial media CNBC, shortly after reports citing the SEC's official account about the approval of the Bitcoin spot ETF flooded in the afternoon, the SEC confirmed that "the SEC's @SECGov X (formerly Twitter) account was hacked" and that "the unauthorized tweet about the Bitcoin ETF was not made by the SEC." Other major foreign media also reported, citing statements from SEC Chairman Gary Gensler, that "the SEC's official X account was hacked and unauthorized posts were made."

Earlier, a post stating the approval of the Bitcoin spot ETF was uploaded on the SEC's X account. Following this news, the price of Bitcoin surged sharply before falling again. The SEC must decide on the approval by the 10th. If approved, trading will be possible from the 11th.