Ohio U.S. Senator JD Vance Demands Answers After SEC X Account 'Compromised,' Announces Premature Approval of of Spot-Bitcoin Exchange-Traded Funds

Ohio U.S. Senator JD Vance Demands Answers After SEC X Account ‘Compromised,’ Announces Premature Approval of of Spot-Bitcoin Exchange-Traded Funds

U.S. Senators JD Vance (R-OH) and Thom Tillis (R-NC) have sent a letter to Gary Gensler, chair of the Securities and Exchange Commission (SEC), demanding answers after the commission’s X account tweeted false information leading to “drastic swings in the price of Bitcoin and other cryptocurrencies.”

On Tuesday, the SEC’s X account published a post announcing that it had approved Bitcoin exchange-traded funds (ETFs) to be listed on all registered U.S. securities exchanges.