Chaos reigned in the cryptocurrency market after a post was made on the SEC's official account stating that Bitcoin Spot ETFs were approved, and then it was understood that this post was made by the hacker who took over the SEC's Twitter account.
However, many journalists and important figures who follow the cryptocurrency world closely evaluated the recent events and shared some unknown details. Here are what crypto journalists think about the news that the fake Bitcoin Spot ETF has been approved:
Bloomberg cryptocurrency expert James Seyffart:
Gary's going to demand someone's head for this. (Frankly, I would too, if I were him). I hope this anger is not taken out on potential ETF issuers.
If this is truly the SEC's account being hacked, the person who took over the account is screwed. By sharing the rejection news and opening a short… Everyone was mostly waiting for an approval.
Seyffart also used the following statements:
There are many questions about timing. I DO NOT think the fake positive confirmation tweet will change anything, and I have to assume the timing is still the same: We are still waiting for potential confirmations tomorrow and potential trading to begin on Thursday.
Bloomberg ETF analyst Eric Balchunas:
I think someone prepared a planned tweet and put the wrong date because the tweet would make perfect sense at this time tomorrow. The language used sounds legal and SEC-style compared to a joke-making crypto jackass, but I guess we'll see. (Balchunas began to think that the incident was a hack after random likes were received from the compromised SEC account.)
FOX Business correspondent Charles Gasparino:
“Securities lawyers told Fox Business that the SEC will have to investigate him for market manipulation after he approved the first spot BTC ETF and then moved the BTC price up and down following a hacked tweet that he said was fake. However, the SEC “It would be unprecedented if 's disapproval tomorrow; it has never before rejected ETF applications that went this far.”
Former MicroStrategy CEO and Bitcoin bull Michael Saylor:
Bitcoin will be the only thing ever approved by the SEC twice.
*This is not investment advice.
