Posted 1/31/2024, 7:17:00 PM
GOP Cites Twitter Hack in Push to Limit SEC Data Collection
- Congressional Republicans citing recent SEC Twitter hack as reason to restrict agency's collection of private investor data
- Sen. Kennedy plans to push harder for legislation restricting SEC data mining after hack
- Hack caused bitcoin price to briefly spike then crash after fake ETF approval tweet
- Hack occurred because account lacked multi-factor authentication for months
- Lawmakers questioning SEC's cyber safety practices and access to databases of sensitive investor information