U.S. Senator Cynthia Lummis (R-Wyo.) is one of the lawmakers asking for more information after the SEC's X account was compromised on Tuesday. (Shutterstock/CoinDesk)

Crypto Boosters Attack SEC For 'Manipulating' BTC Market After ETF Tweet

Summary

The SEC's official Twitter account was hacked, leading to a fake announcement of a Bitcoin ETF approval. This caused market manipulation and calls for an investigation by lawmakers. The incident raised concerns about the SEC's credibility and its ability to protect investors. The regulator pledged to work with law enforcement to address the unauthorized access.

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