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The United States SEC on January 9, 2024, published a tweet about approving a Bitcoin Spot ETF.
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The tweet claimed that the SEC had approved an investment product linked to Bitcoin, causing confusion and a surge in Bitcoin's price.
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Investors experienced an uncertainty due to this announcement. But why?
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They must be happy as this is a good news for crypto community, right? Let's see why they're disappointed.
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Financial markets and big crypto fans also reacted to this information and later they're angry too.
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Let's see the tweet from United States Securities and Exchange Commission twitter account. See the tweet in the next slide.
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After few hours, The SEC confirmed that the tweet wasn't from their staff.
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Gensler clarified that the agency hadn't endorsed any Bitcoin ETFs.
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Gensler condemned the false information and reassured no approval had been given.
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The SEC assured the public that steps were taken to secure their accounts and prevent future unauthorized posts.