Cryptocurrency: US SEC Gov Approves Bitcoin ETFs Amid Epic Shamefest, Crypto WINS !
Hilariously fucking epic media disaster for US Govt... https://twitter.com/SECGov/status/1744829327294837236 U.S. Securities and Exchange Commission @SECGov 23m Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges. The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection. "US SEC: Today's approval enhances market transparency and provides investors with *efficient access to digital asset investments within a regulated framework.* -- Chair, Gary Gensler (tweet image text, facepic, *bold)" Jan 9, 2024 - 9:11 PM UTC 5,471 18,855 9,634 38,889 - We Won! https://twitter.com/GaryGensler/status/1744833049064288387 Gary Gensler @GaryGensler 2h 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. Jan 9, 2024 - 9:26 PM UTC 23,394 10,067 16,933 25,363 - How are you supposed to protect investors when you can't even protect your Twitter account? - PROOF YOU WERE HACKED OR ITS MARKET MANIPULATION - how do we know this account's not compromised?? - LOL!!!!! WHAT IS THIS CLOWN WORLD - The hacker had the opportunity to do the funniest thing in the world, and he did it :) - Please get your own security figured out before worrying about ours - PROTECTING INVESTORS BUT YOU CANT PROTECT YOUR X ACCOUNT - At this point it's fairly obvious Gary is just farming ad revenue - Market manipulation by the SEC. You can't make it up lmao. https://twitter.com/SECGov/status/1744837121406349714 U.S. Securities and Exchange Commission @SECGov 2h "The @SECGov X account was compromised, and an unauthorized post was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products." Jan 9, 2024 - 9:42 PM UTC 8,932 3,653 3,125 11,126 - You usually give penalties in the 100s of millions when other private investment firms make mistakes like this that manipulate the market... What will you do to fix this? - Was the account actually compromised or was a drafted tweet released prematurely by someone who had authorized access to the account? There is a material difference and you need to be transparent with the investing public. - Well technically the first sentence is correct. Not so sure about the second one though. - AND THEN WE TOLD THEM WE GOT "HACKED" - How do I get my money back from the SEC? I bought Bitcoin because the SEC tweeted the ETFs were Approved then the Bitcoin price crashed? - Thanks, can you elaborate on this earlier tweet of yours? - You are a disgrace! You defrauded the people you manipulated. SEC must be tried!!! - This is straight up fucking clown world. - you wont fool us Gary ... - ARE YOU NOT ENTERTAINED?! - I lost all my money because of you!!! - YOU GOT YOUR ACCOUNT HACKED AND BACK THAT QUICK?!!!? It takes us fucking weeks... I call bullshit. Something stinks here. "Today is evidence that regulators do not keep anyone "safe." They've stalled the #Bitcoin ETFs for months only to screw up colossally on the eve of approvals. Regulators don't "protect investors," they protect Wall Street." "Who will regulate the regulators?" "Our elected officials insider trade & make millions, as do Federal Reserve presidents; no one goes to jail. Our regulators who are supposed to prevent market manipulation and "protect investors" can't even protect their X account & turn a blind eye to the crimes of the elites." "What's so weird is that he isn't saying the tweet is wrong; also this has to be North Korea. BTW based on what I'm hearing there's going to be a massive investigation into this." "BREAKING: Securities lawyers tell @FoxBusiness the @SECGov will have to investigate itself for market manipulation after moving the price of $BTC up and down following the hacked tweet that it had approved the first spot BTC ETF and then saying it was fake. That said, for the SEC not to approve tomorrow would be unprecedented; it has never rejected ETF applications that have gone as far as these. Developing..." "BREAKING: The $BTC ETF announcement hack would have violated new @SECGov rules adopted in July that require a high level of "cyber security risk management," securities lawyers tell @FoxBusiness" "The SEC is going to be forced to sue itself."
X Confirms 'Bitcoin ETF' Breach Was Not Of Any Of Its Systems, SEC Failed To Use 2-Factor Authentication On Phone And the hits keep coming for the SEC. https://x.com/Safety/status/1744924042681897343 With fingers being pointed and blame being apportioned for the SEC screw-up, X's Safety team have provided a rather awkward statement on the results of their probe of the breach. We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation. Based on our investigation, the compromise was not due to any breach of X’s systems, but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party. We can also confirm that the account did not have two-factor authentication enabled at the time the account was compromised. We encourage all users to enable this extra layer of security. And there it is, just as the mainstream establishment would have loved to blame Elon Musk, or X, it turns out the world's leading securities regulator was incapable of utilizing two-factor authentication on an account that by all standards can be extremely market-moving in its capabilities. One thing to keep in mind if you're considering listening to @GaryGensler and the @SECGov: these cartoons can't even keep their twitter/X account safe.
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grarpamp