There have been a lot of reports since the SEC approved all 11 spot BTC ETFs, but few people thought about the matter in a serious way. It looks like SEC’s Gary Gensler said it straight to our faces – this approval means a step towards centralization. Check out the latest reports about this below.

SEC’s Gary Gensler addresses spot BTC ETFs approval

Check out the latest tweet that sheds light on the matter and on what Gensler had to say:

It looks like Edward Snowden recently had a message for Gensler.

Recently, an unknown agent posted a false spot Bitcoin ETF approval announcement using the Securities and Exchange Commission’s hijacked X account.

In a statement attributed to SEC Chair Gary Gensler, the agency claims “an unauthorized party gained access to the @SECGov account by obtaining control over the phone number associated with the account.”

This language is similar to SIM-swapping attacks, a common type of account hijacking that can be prevented with multi-factor authentication. Gensler had previously recommended multi-factor authentication in his own post.

In the statement, Gensler writes, “Commission staff are still assessing the impacts of this incident on the agency, investors, and the marketplace but recognize that those impacts include concerns about the security of the SEC’s social media accounts.”

Stay tuned for more juicy reports from the crypto industry and make sure to keep your eyes on the markets as well. Things seem to be getting really interesting out there these days.

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