NO! SEC denies approving spot Bitcoin ETF, claims ‘compromised’ account

In what is turning out to be an early April Fool’s Day joke on everyone involved, it would seem that the U.S Securities and Exchange Commission has, in fact, NOT approved spot Bitcoin ETFs. Less than 30 mins ago, a tweet from the SEC’s official X (Formerly known as Twitter) claimed the following,

However, the tweet in question has since been deleted and refuted by Gary Gensler, Chair of the United States SEC himself. According to Gensler,

“The @SECGov 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.”

Needless to say, the reactions were quick to change. The community sentiment quickly changed from one of euphoria and elation to one of disappointment. And yet, despite a confirmation from the Chair himself, there are still people who are refusing to believe what happened.

For instance, in response to Gensler’s tweet, Bankless’s Ryan Sean Adams tweeted,

how do we know this account's not compromised??

— RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) January 9, 2024

At this point in time, it’s unclear who is responsible behind this prank. At the time of writing, no details had been shared by Gensler, the SEC, or any law enforcement agency.

What is evident, however, is that someone exploited the sentiment of the crypto-community at large.