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Gary Gensler denied a prior post that the SEC had signed off on a slate of pending bitcoin exchange-traded fund applications. | Mariam Zuhaib/AP
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<p class="story-meta__authors">By <span class="vcard"><a href="https://www.politico.com/staff/declan-harty" target="_top">Declan Harty</a></span></p><p class="story-meta__timestamp">
<time datetime="2024-01-09 16:53:40">01/09/2024 04:53 PM EST</time>
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<p class="story-text__paragraph ">Securities and Exchange Commission Chair Gary Gensler said the agency’s account on X was “compromised” and denied a prior post that the SEC had signed off on a slate of pending bitcoin exchange-traded fund applications.</p>
<p class="story-text__paragraph ">Gensler said none of the applications have been approved.</p>
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<p class="story-text__paragraph ">The post set off a panic in the crypto market, catching issuers off guard, prompting a flurry of statements from the industry and briefly sending the price of bitcoin higher.</p>


The post set off a panic in the crypto market.{ai:summary}<p>SEC Chair Gensler denies approving bitcoin ETF applications, causing panic in the crypto market. #economy</p>

Gensler: SEC has not approved bitcoin ETFs, X account ‘compromised’

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