10 months ago
Securities and Exchange Commission Chair Gary Gensler said the agency's account on X was "compromised" and denied a prior post that the SEC had signed off on a slate of pending bitcoin exchange-traded fund applications.
Gensler said none of the applications have been approved.
The post set off a panic in the crypto market, catching issuers off guard, prompting a flurry of statements from the industry and briefly sending the price of bitcoin higher.
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