Good morning, Bay Area. Starting the day with national news, the U.S. Securities and Exchange Commission’s anticipated decision on whether to approve a spot-Bitcoin exchange-traded fund took a turn on Tuesday, instead becoming a high-profile hacking incident where the commission’s X account was compromised and a fake post claiming that the agency had approved plans for the products spurred a brief Bitcoin surge. In a post on X, SEC Chair Gary Gensler made clear that no decision on ETFs had been made.…
Ted Andersen
Source link
