Chair

Gary

<a href="https://bitcoinworld.co.in/sec-chair-gary-genslers-false-tweet-immortalized-on-bitcoin-ordinal-forever/" title="SEC Chair Gary Gensler’s False Tweet Immortalized On Bitcoin Ordinal Forever" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">The false Spot BTC ETFs Tweet from the US Securities and Exchange Commission (SEC) X account has been immortalized on Bitcoin Ordinal.</li> 
</ul> 
The Bitcoin community was abuzz following a compromised tweet from the Securities and Exchange Commission’s (SEC) X account, which falsely declared the approval of all thirteen spot Bitcoin ETFs.&nbsp; 
<figure id="attachment_62028" aria-describedby="caption-attachment-62028" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-medium wp-image-62028" src="https://bitcoinworld.co.in/wp-content/uploads/Fake-Spot-BTC-ETFs-Approval-404x300.png" alt="" width="404" height="300" srcset="https://bitcoinworld.co.in/wp-content/uploads/Fake-Spot-BTC-ETFs-Approval-404x300.png 404w, https://bitcoinworld.co.in/wp-content/uploads/Fake-Spot-BTC-ETFs-Approval-673x500.png 673w, https://bitcoinworld.co.in/wp-content/uploads/Fake-Spot-BTC-ETFs-Approval-807x600.png 807w, https://bitcoinworld.co.in/wp-content/uploads/Fake-Spot-BTC-ETFs-Approval-768x571.png 768w, https://bitcoinworld.co.in/wp-content/uploads/Fake-Spot-BTC-ETFs-Approval.png 1024w" sizes="(max-width: 404px) 100vw, 404px">
 <figcaption id="caption-attachment-62028" class="wp-caption-text">
 Fake Spot BTC ETFs Approval
 </figcaption>
</figure> 
&nbsp; 
Following official confirmation that no such approvals had been granted, the price of Bitcoin saw a sharp dip. 
SEC Commissioner Gary Gensler addressed the misleading tweet, affirming the account’s breach.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw">@SECGov</a> 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) <a href="https://twitter.com/GaryGensler/status/1744833049064288387?ref_src=twsrc%5Etfw">January 9, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
A digital artist known as Billy Restey took to immortalizing Gensler’s statement on the Bitcoin blockchain. “Just so we don’t forget, this tweet has been immortalized on Bitcoin forever,” Restey tweeted. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 just so we don't forget.. 
 this tweet has been immortalized on Bitcoin forever.. 
 → <a href="https://t.co/ipV76F9gCO">https://t.co/ipV76F9gCO</a> <a href="https://t.co/RcypVCkKQO">pic.twitter.com/RcypVCkKQO</a> 
 — billy (@billyrestey) <a href="https://twitter.com/billyrestey/status/1744849494796312679?ref_src=twsrc%5Etfw">January 9, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Bitcoin’s value plummeted from $47,680 to slightly above $45,500 as the initial fake news spread, causing considerable market volatility. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/sec-chair-gary-gensler-reveals-sec-account-hacked-no-approval-for-spot-btc-etfs-yet/" aria-label="“SEC Chair Gary Gensler Reveals SEC Account Hacked, No Approval For Spot BTC ETFs Yet” (Edit)">SEC Chair Gary Gensler Reveals SEC Account Hacked, No Approval For Spot BTC ETFs Yet</a> 
With over 53 million Ordinal inscriptions to date—introduced in January—the Gensler tweet, replicated by Restey, stands as inscription number 53,995,422. 
Bitcoin enthusiasts are leveraging the increased functionality provided by a recent update known as Taproot to create and embed various types of digital content directly into Bitcoin transactions.&nbsp; 
This is somewhat like the way Non-Fungible Tokens (NFTs) work on the Ethereum blockchain. They’re doing this by encoding unique data—such as pictures and written text—into Bitcoin transactions. 
These encoded items, while not NFTs in the traditional sense, demonstrate the creative use of Bitcoin’s expanded capabilities since the Taproot upgrade, which has enhanced both its efficiency and privacy features.&nbsp; 
At the time of publishing, BTC was trading at $45,635 down over 1.26% in the last 24 hours, according to <a href="https://coinstats.app/coins/bitcoin/">Coinstats</a>. 
<figure id="attachment_62029" aria-describedby="caption-attachment-62029" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-62029" src="https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-11-483x300.png" alt="" width="601" height="373" srcset="https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-11-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-11.png 760w" sizes="(max-width: 601px) 100vw, 601px">
 <figcaption id="caption-attachment-62029" class="wp-caption-text">
 BTC Price Chart | Source: Coinstats
 </figcaption>
</figure> 
The post <a href="https://bitcoinworld.co.in/sec-chair-gary-genslers-false-tweet-immortalized-on-bitcoin-ordinal-forever/">SEC Chair Gary Gensler’s False Tweet Immortalized On Bitcoin Ordinal Forever</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

SEC Chair Gary Gensler’s False Tweet Immortalized On Bitcoin Ordinal Forever

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