Some suggest the SEC could use the recent “unauthorized” post as an excuse to delay an ETF approval, but most see it only as a remote possibility.
The United States Securities and Exchange Commission (SEC) will likely still go ahead with a decision on spot Bitcoin exchange-traded funds this week despite opening an investigation into a recent hack of its social media account.
The SEC’s X account was “compromised” on Jan. 9, leading to an unknown party using the account to post that spot Bitcoin ETFs were approved in the United States. The message was deleted around 20 minutes later but caused widespread ruckus on social media and the markets. The SEC reportedly said it is engaging with law enforcement to get to the bottom of the incident.
Some commentators worry the blunder could be used as an excuse to delay the decision past the anticipated Jan. 10 deadline, though most see this as only a remote possibility.
