from ZeroHedge:
In a stunning update, just minutes later, Gensler has posted on X that this is false and that his account has been hacked:
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.
— Gary Gensler (@GaryGensler) January 9, 2024
Ed Snowden is not impressed…
TRUTH LIVES on at https://sgtreport.tv/
jesus christ gary get your shit together https://t.co/RaLAQKm4er
— Edward Snowden (@Snowden) January 9, 2024
Honestly. Scott makes a good point here. If this was indeed a compromise of the account. The person who compromised the account screwed up. Coulda made way more money tweeting about denial and going short… Everyone was mostly expecting an approval https://t.co/q5UorRPkFT
— James Seyffart (@JSeyff) January 9, 2024
One wonders if this was really “compromised’ – or was it an intern accidentally hitting ‘send’ on the post (that we will discover shortly is probably real anyway).
Honestly. Scott makes a good point here. If this was indeed a compromise of the account. The person who compromised the account screwed up. Coulda made way more money tweeting about denial and going short… Everyone was mostly expecting an approval https://t.co/q5UorRPkFT
— James Seyffart (@JSeyff) January 9, 2024
Be careful though!!!
There is always a tweet https://t.co/DEaFgbiHN1
— zerohedge (@zerohedge) January 9, 2024
There is always a tweet https://t.co/DEaFgbiHN1
— zerohedge (@zerohedge) January 9, 2024
As a reminder, the SEC has an open window until January 10 in which it could approve multiple applications simultaneously.
The first stage in approval of a spot Bitcoin ETF would be the SEC signing off on 19b-4 filings by the exchanges planning to list the ETFs, all of which were submitted by 6 p.m. ET on Friday.
The SEC would then need to approve the issuers’ S-1 applications; with both approved, the ETFs could technically begin trading the next business day.
Ethereum is extending gains since the fake tweet and denial, Bitcoin is lower, but rising off the lows…
Reversing the relative weakness YTD…
* * *
SEC Chair Gary Gensler – having issued his pre-emptive warning at just how terrifyingly dangerous cryptos are – proudly proclaimed the approval of Spot Bitcoin ETFs on X:
“Today’s approval enhances market transparency and provides investors with efficient access to digital asset investments within a regulated framework,” SEC Chair Gary Gensler said.
We have inserted an image of the allegedly hacked tweet…
