Sens. Wyden and Lummis demand investigation into SEC’s false post on X about spot bitcoin ETFs | Headlines | News | CoinMarketCap
01/13/2024 02:02
Senate Finance Committee Chair Sen. Ron Wyden, D-Ore., and Sen. Cynthia Lummis, R-Wyo., are calling for an investigation into what caused the SEC's X …
Senate Finance Committee Chair Sen. Ron Wyden, D-Ore., and Sen. Cynthia Lummis, R-Wyo., are calling for an investigation into what caused the SEC's X account to be compromised earlier this week.
The two asked SEC Inspector General Deborah J. Jeffrey on Thursday to open an investigation into what happened as well as the "SEC’s apparent failure to follow cybersecurity best practices." Axios first reported the news on Friday.
A phony post went out to the SEC's hundreds of thousands of followers on Tuesday that said the agency had granted approval for the listing of spot bitcoin ETFs, which was not the case at the time. After that post on Tuesday, Chair Gary Gensler quickly posted from his personal account that the SEC's X account had been compromised, and on Wednesday the agency …