BREAKING: Bitcoin ETF Chaos – BTC Plunges To $45K Amidst SEC’s ‘Compromised’ X Account False Approval Claims
Summary
The official X account of the US SEC was "compromised," falsely claiming approval of all Bitcoin ETF applications. SEC Chair Gensler clarified the tweet's inauthenticity and emphasized no approval for spot Bitcoin ETFs. The fake news caused a significant Bitcoin price drop. The crypto community awaits further details and the SEC's official stance on the matter. It is uncertain how the SEC will address the industry post-incident, and asset managers' statements may provide more insights.
