Charles Gasparino of Fox Business said he’s been told by securities lawyers that the SEC “will have to investigate itself” for alleged market manipulation.
United States lawyers and senators have called on Congress to demand an investigation into the U.S. Securities and Exchange Commission after its X (formerly Twitter) account was reportedly compromised and falsely reported news that the spot Bitcoin (BTC) exchange-traded funds (ETF) were approved.
“Just like the SEC would demand accountability from a public company if they made such a colossal market-moving mistake, Congress needs answers on what just happened. This is unacceptable,” said U.S. Senator Bill Hagerty in a Jan. 9 X post.
U.S. Senator Cynthia Lummis also demanded the SEC offer some transparency into the events that led to the false post.
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Source: https://cointelegraph.com/news/lawyers-politicians-investigation-sec-bitcoin-etf-post