The Latest Breaking News from SEC

The US Securities and Exchange Commission (SEC) says its account on X (formerly Twitter) was hacked after a post appeared to approve the trading of spot Bitcoin exchange-traded funds (ETFs). With a decision on crypto ETFs expected this week, Bitcoin prices briefly spiked to almost $48,000 before coming back down…

The compromise was not due to any breach in the social media platform's systems "but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party."

The Securities and Exchange Commission said Tuesday that a post on X announcing that the securities regulator had approved the trading of exchange-traded funds holding bitcoin was “unauthorized,” and that the agency’s account had been “compromised.”

Discover why Bitcoin prices are dipping as the Securities and Exchange Commission clarifies that no formal approval has been given for a Bitcoin ETF yet. S...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.17%. Stocks on Tuesday settled mixed. Reduced expectations for...

Long-awaited news on Bitcoin ETFs was thrown into chaos after the SEC Twitter account erroneously posted that they’d been approved.

Executives from leading firms suggested a potential approval announcement Wednesday, indicating that trading might start as soon as Thursday.

The SEC has been silent on the proposals but recently began issuing updates on spot Bitcoin ETF filings, amending eight 19b-4 forms detailing rule changes.

Bitcoin started the week strong, trading above $46,000 and later surpassing $47,000, marking a more than 6% increase from its Sunday closing price.