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Market-Moving SEC Twitter Hack On Bitcoin ETFs ‘Unacceptable’: Senate Banking Committee Member

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Benzinga

Following Tuesday’s security breach of the Securities and Exchange Commission’s Twitter account, securities lawyers say the SEC might need to conduct an internal investigation for potential market manipulation. The false tweet signaling approval of Bitcoin ETFs significantly influenced Bitcoin (CRYPTO: BTC)’s price, causing rapid fluctuations in the cryptocurrency market. The SEC’s prompt correction stating the tweet was fake resulted in a subsequent price drop. This sequence of events may necessitate the SEC to investigate its role in these market movements, legal experts told FOX Business, t…

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