US Senator and Chairman of the Senate Finance Committee, Ron Wyden, has requested an official investigation into the recent hack of the X account of the US Securities and Exchange Commission (SEC). The letter is co-written by prominent crypto advocate Cynthia Lummis and will also seek to begin a probe into the SEC’s failure to employ the best cybersecurity measures to protect its digital presence.
SEC X Account Hack Draws Criticisms From US Senators
On January 9, the X account of the SEC made a surprise announcement confirming the approval of Bitcoin spot ETF trading in the US. This statement was quickly countered by the SEC’s Chairman Gary Gensler, who stated the commission’s X handle had been compromised and the ETF-related announcement was false.
Although the SEC eventually approved the Bitcoin spot ETF launch on January 10, unauthorized access to one of the commission’s social media platforms has drawn much concern from the general populace, with US Senators now seeking a
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