Bitcoin ETF

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<p class="is-style-lead">Lawyers for the U.S. Securities and Exchange Commission (<a href="https://crypto.news/tag/sec/" rel="noopener noreferrer nofollow">SEC</a>) are calling for an investigation into possible market manipulation.</p>
<p>In a conversation with Fox Business, SEC lawyers said that the regulator will investigate itself for market manipulation after moving the price of Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) up and down on the basis of a fake post published on the SEC’s X account. The price jump occurred after a false message about approving a spot Bitcoin ETF on Jan. 9.</p>
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 <p>“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.”</p> <cite>Charles Gasparino, Fox correspondent</cite>
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   <p lang="en" dir="ltr">BREAKING: Securities lawyers tell <a href="https://twitter.com/FoxBusiness?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@FoxBusiness</a> the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@SECGov</a> will have to investigate itself for market manipulation after moving the price of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> 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…</p>— Charles Gasparino (@CGasparino) <a href="https://twitter.com/CGasparino/status/1744838264698057082?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 9, 2024</a>
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<p>American lawyers and senators are also calling for an investigation into the SEC due to false data. In particular, Senator Cynthia Lummis demanded that the SEC provide transparency into the events that led to the now deleted post.</p>
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   <p lang="en" dir="ltr">Fraudulent announcements, like the one that was made on the SEC’s social media, can manipulate markets. We need transparency on what happened.</p>— Senator Cynthia Lummis (@SenLummis) <a href="https://twitter.com/SenLummis/status/1744860826392047845?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 9, 2024</a>
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<p>Bloomberg ETF analyst James Seyffarth <a href="https://twitter.com/JSeyff/status/1744841220277379323" target="_blank" rel="noopener noreferrer nofollow">suggested</a> SEC Chairman Gary Gensler will be furious with the employee responsible for the alleged security breach. However, it is not yet known what, or who, caused the fake news post on X.</p>
<p>Bitcoin <a href="https://crypto.news/bitcoin-dips-3-on-false-sec-spot-bitcoin-etf-approval/" rel="noopener noreferrer nofollow">responded</a> to the publication of the refutation by falling more than 6% to $44,700. At the time of the time of writing, Bitcoin is trading at around $46,000.</p>
<p>Read more: <a href="https://crypto.news/btc-surging-on-etf-approval-expectations-bitcoin-minetrix-presale-hits-8m/" rel="noopener noreferrer nofollow"> BTC surging on ETF approval expectations, Bitcoin Minetrix presale hits $8m </a></p>

SEC lawyers to investigate market manipulation amid fake news about Bitcoin ETF

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