SEC Twitter Hack Claims Bitcoin Approval, Prompts Backlash Against Cybersecurity Lapse
- SEC's Twitter account was hacked, falsely claimed approval of bitcoin ETFs
- Hack prompted bipartisan backlash against SEC Chair Gary Gensler
- Critics slammed SEC's lack of security measures like 2-factor authentication
- Incident gave ammunition to those opposing SEC's cybersecurity disclosure rule
- Despite hack, SEC ended up approving spot bitcoin ETFs days later