The bogus tweet claimed the ETFs had been approved but, as it turns out, thats not true.
When it became apparent that the announcement was fake, all hell broke loose in the web3 community.
Others simply railed against the agency for perceived incompetence.
Photo: Kevin Dietsch (Getty Images)
That message was too perfectly written to be some hacker.
Frankly, if the crypto communitys paranoia seems sorta silly, their outrage is a little more understandable.
It only makes sense that people would be pissed.
As far as can be discerned, Musk hasnt commented on the incident.
The question of what happened to the SECs account is still anything but clear.
That unauthorized access has been terminated.
So, thats about as clear as mud.
The SECs account getting hacked wouldnt be that out of the ordinary sinceTwitters cybersecurity has historically been terrible.
In short: It would make Bitcoin much more like a normal stock.
Notably, the SEChas rejectedall previous pleas for a Bitcoin ETF.
Its unclear whether this time will prove the exception.
Things have been quite dour in the decentralized web lately and its not hard to see why.
For a brief moment on Tuesday, it really looked like Gensler was going to give it to them.
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