Gary Gensler says SEC’s X account was compromised, posted fake bitcoin ETF approval news

Fund issuers are not yet cleared to launch funds that would hold bitcoin directly, SEC chair says


Artwork by Crystal Le


Updated Tuesday, Jan. 9 at 4:39 pm ET: Securities and Exchange Commission Chair Gary Gensler posted on X claiming the SEC’s official X account had been compromised.

“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,” Gensler’s account wrote.

The SEC’s account earlier said it approved spot bitcoin ETFs in an X post Tuesday. The post has now been removed.

But Gensler clarified that the SEC had “not approved” the listing or the trading of the bitcoin ETFs.

Loading Tweet..

The price of bitcoin spiked sharply on the SEC account post, rising as high as $47,870. Bitcoin is now trading around $46,100 on Coinbase, according to TradingView.

“The SEC’s @SECGov X/Twitter account has been compromised. The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff,” an SEC spokesperson told Blockworks.

CORRECTION: The initial version of this story incorrectly reported that the SEC had approved spot bitcoin ETFs. The story has been updated to reflect the SEC account compromise and agency comments.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.


Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Unlocked by Template.png


With the spot ETH ETF approval, the institutions are coming. stETH - given its dominance in marketshare, existing liquid market structures, and highly desirable properties - is poised for institutions.


Launching cryptocurrencies the old fashioned way may soon make a return


Kraken and CertiK brought their beef to social media after Kraken said researchers exploited $3 million through a bug


NVIDIA’s historic run is only deepening the divide between mega-cap tech stocks and the rest of the market.


EIP-7702 was quickly adopted for the next Ethereum upgrade, but developers haven’t quite locked it down