Ahmet Bedirhan Arvas 
The United States Securities and Exchange Commission (SEC) finds itself in the midst of a major scandal in the aftermath of false information circulating in the media regarding the compromise of the X account and the approval of spot Bitcoin exchange-traded funds (ETFs). U.S. Senator Bill Hagerty called on the SEC to clarify the situation.
Charles Gasparino from Fox Business, in discussions with securities lawyers, stated that the SEC could face allegations of market manipulation. Bloomberg ETF analyst James Seyffart suggested that SEC Chairman Gary Gensler might react strongly in the event of a security breach.
You may notice: SEC: “Spot Bitcoin ETF Not Approved”
Timothy Peterson, an investment manager at Cane Island Alternative Advisors, argued that the SEC’s security breach could be a potential market manipulation, emphasizing the need to protect investors. Peterson, in a statement on social media, questioned, “@SECGov can’t even protect its own social media account; how can it protect millions of investors?”
Bitcoin advocate Leyah Heilpurn claimed that the SEC’s false post remained online for 20 minutes and garnered at least 4.4 million views during that time, alleging it was a complete market manipulation.
While there is no clear explanation yet on how the X account of the SEC was compromised, Bloomberg ETF analyst Eric Balchunas mentioned that he expects the official approval of spot Bitcoin ETFs on January 10th.