SEC Criticized for Security Breach
U.S. Senators are calling on SEC Chairman Gary Gensler to provide a comprehensive report regarding the breach of the commission’s official account on X. They argue that such incidents seriously question the commission’s internal procedures.
On this page
U.S. Senators are calling on SEC Chairman Gary Gensler to provide a comprehensive report regarding the breach of the commission's official account on X. They argue that such incidents seriously question the commission's internal procedures.
“It is unacceptable that the agency entrusted with regulating the epicenter of the world’s capital markets would make such a colossal error,” states their public declaration.
As per SEC's own regulations, organizations and companies must disclose in-depth details about such security breaches within four days following the incident. This incident has not only drawn criticism from government officials but also from analysts and crypto business owners.
Bloomberg analyst James Seyffart expressed concern that Gary Gensler's internal investigations might inadvertently impact potential Bitcoin ETF issuers and investors.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
