Bitcoin ETF

Bitcoin

<ul class="news-points"> 
 <li>SEC Twitter account compromised, falsely announces Bitcoin ETF approval.</li> 
 <li>Lawyers suggest investigating the SEC for potential market manipulation and violations of its own cybersecurity rules.</li> 
 <li>Rejecting pending applications after expediting the process could be unprecedented, as per securities lawyers.</li> 
</ul> 
The U.S. <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission (SEC)</a>, tasked with upholding market integrity, finds itself in the position of possibly having to investigate itself for market manipulation following a chaotic Tuesday in the crypto world. 
Lawyers are suggesting an investigation into the SEC by the SEC after a fake spot Bitcoin ETF approval news on the regulator’s X account sent Bitcoin’s price soaring, only to plummet when declared a hack. Aside from potential market manipulation, the SEC could also be <a href="https://twitter.com/CGasparino/status/1744840650133037127" target="_blank" rel="nofollow">facing violations of its own rules</a> on “cybersecurity risk management.” 
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 <img decoding="async" width="603" height="320" src="https://coinedition.com/wp-content/uploads/2024/01/Charles-Gasparino-Breaking.png" alt="" class="wp-image-361297" srcset="https://coinedition.com/wp-content/uploads/2024/01/Charles-Gasparino-Breaking.png 603w, https://coinedition.com/wp-content/uploads/2024/01/Charles-Gasparino-Breaking-300x159.png 300w, https://coinedition.com/wp-content/uploads/2024/01/Charles-Gasparino-Breaking-380x202.png 380w, https://coinedition.com/wp-content/uploads/2024/01/Charles-Gasparino-Breaking-159x84.png 159w, https://coinedition.com/wp-content/uploads/2024/01/Charles-Gasparino-Breaking-440x233.png 440w, https://coinedition.com/wp-content/uploads/2024/01/Charles-Gasparino-Breaking-414x220.png 414w, https://coinedition.com/wp-content/uploads/2024/01/Charles-Gasparino-Breaking-311x165.png 311w, https://coinedition.com/wp-content/uploads/2024/01/Charles-Gasparino-Breaking-377x200.png 377w, https://coinedition.com/wp-content/uploads/2024/01/Charles-Gasparino-Breaking-123x65.png 123w, https://coinedition.com/wp-content/uploads/2024/01/Charles-Gasparino-Breaking-129x68.png 129w" sizes="(max-width: 603px) 100vw, 603px">
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 <a href="https://twitter.com/CGasparino/status/1744838264698057082" target="_blank" rel="nofollow">Charles Gasparino</a>
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The saga began early Tuesday morning when a seemingly official SEC post proclaimed the greenlighting of the first-ever spot Bitcoin ETF. This sent shockwaves through the crypto market, with Bitcoin’s price surging from $46,700 to nearly $48,000 before crashing back down to…
The post <a href="https://coinedition.com/sec-faces-self-investigation-for-market-manipulation-after-fake-bitcoin-etf-news/">SEC Faces Self-Investigation for Market Manipulation After Fake Bitcoin ETF News</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SEC Faces Self-Investigation for Market Manipulation After Fake Bitcoin ETF News

Coin Edition

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