The U.S. Securities and Exchange Commission (SEC) is joining forces with the Federal Bureau of Investigation (FBI) to investigate a misleading post on its social media account regarding the approval of spot Bitcoin ETFs. This incident, which stirred significant market confusion, involved a false statement disseminated through the SEC’s account, falsely claiming the approval of Bitcoin ETFs on registered securities exchanges.
The Incident and Immediate Response
The inaccurate post, which appeared on the SEC’s social media platform around 4 p.m. ET on Tuesday, reached the agency’s extensive follower base. It inaccurately announced the SEC’s approval for the listing of spot Bitcoin ETFs. SEC Chair Gary Gensler promptly addressed the issue through his account, clarifying that no such approval had been granted. The timing of the false post was critical, coinciding with the anticipation of an actual decision by the SEC on a spot Bitcoin ETF, which many analysts expected later in the
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