SEC, Gensler face bipartisan backlash over X account hack ...Middle East

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SEC, Gensler face bipartisan backlash over X account hack
source : The Hill ( Middle East ) () 25
Securities and Exchange Commission (SEC) Chair Gary Gensler is facing bipartisan political backlash after the agency’s social media account was hacked last week and falsely claimed it had approved several highly anticipated bitcoin investment funds.  While the SEC ultimately approved the exchange-traded funds (ETFs) holding bitcoin about 24 hours later, the high-profile blunder for the agency puts Gensler in a tough spot as an already unpopular figure in the cryptocurrency world and among Republican lawmakers. And some Democrats who have been generally pleased with Gensler are joining calls for investigations. “Mainly, it was embarrassing for the SEC,” Ian Katz, managing director a

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