Will the SEC investigate itself after the Bitcoin ETF fiasco?
On Tuesday, January 9, the crypto community experienced a rollercoaster of emotions as news of the long-awaited spot Bitcoin exchange-traded fund (ETF) approval circulated. However, the initial euphoria was short-lived as the tweet announcing the approval was mysteriously deleted. SEC Chairman Gary Gensler attributed the incident to a purported hacking of the SEC’s X profile. The fake approval triggered chaos in the crypto market, resulting in the liquidation of over $300 million in Bitcoin (BTC). In the aftermath, U.S. lawyers and senators have urged Congress to launch a probe into the SEC’s handling of the situation, with the irony being that the securities regulator may have to investigate itself on the matter. US Congressmen call for answers on the incident Cryptocurrency Will MicroStrategy stock suffer from a Bitcoin ETF approval? Cryptocurrency Cookie3 integrates Chainwire for Web3 PR distribution and monitoring ...