The Booty Report

News and Updates for Swashbucklers Everywhere

Arr, SEC declares their X account has been breached, and they be denyin' approval for bitcoin ETFs, ye scallywags!

2024-01-09

Arrr, me hearties! Avast ye! On Tuesday, the official account of the U.S. Securities and Exchange Commission on X, known as Twitter back in the day, was plundered! A scurvy dog of a hacker posted a message claimin' that the agency had given the nod for exchange-traded funds in bitcoin. But, alas! That be a lie! The post was sent by some landlubber who had no authority! SEC Chair Gary Gensler spoke up, settin' the record straight, sayin', "We be havin' no approval for listin' and tradin' of spot bitcoin!"

In a most audacious act of mischief, the official Twitter account of the U.S. Securities and Exchange Commission (SEC) – or as I like to call them, the Swashbucklers of Regulation – was invaded by a scallywag on Tuesday. This scalawag, with no respect for the rules of the high seas, posted a message claiming that the SEC had given its blessing for exchange-traded funds (ETFs) to delve into the world of bitcoin.
But alas, me hearties, this claim be nothing but a mere fabrication! The SEC Chair himself, Gary Gensler, swiftly swept in to declare that no such approval had been granted. The earlier tweet, which has been scrubbed from the face of the digital realm, was the work of an unauthorized scallywag who had somehow managed to infiltrate the SEC's ship.
According to Gensler, the SEC has not, I repeat, has not given the green light for spot bitcoin ETFs to set sail. In the eyes of the Swashbucklers of Regulation, the tides must be checked and the rules must be followed before such a venture can embark upon the treacherous waters of the bitcoin market.
So, my fellow buccaneers, it seems that this tale of an approved bitcoin ETF was nothing more than a hoax, concocted by a crafty marauder who sought to sow chaos in the realm of financial regulation. The SEC remains steadfast in their commitment to ensuring the safety and integrity of the markets, and will not be swayed by the whims of unauthorized intruders.
As for the mischievous scoundrel who dared to impersonate the SEC on Twitter, let it be known that their actions will not go unpunished. The Swashbucklers of Regulation will surely hunt them down and make them walk the plank of justice. Until then, let us remain vigilant, my fellow pirates, and keep a weather eye on the horizon for any further attempts to deceive us.

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