"SEC Chair Gensler Confirms Compromised Account Regarding Bitcoin ETF Approval"

The U.S. Securities and Exchange Commission clarified that it has not approved bitcoin ETF applications after its X (formerly Twitter) account was briefly compromised and falsely claimed otherwise. The regulator emphasized that any approval for bitcoin ETFs would appear in the agency's EDGAR database, not on social media. The false announcement caused a brief spike in Bitcoin's price, followed by a 6% drop when the news was debunked, leading to significant volatility in the market.