US Senators Call for SEC Report on X Account Breach

Senators J.D. Vance and Thom Tillis have written a letter to SEC Chair Gary Gensler, expressing “serious concerns” about the recent X account breach on January 9. The senators are requesting a report from the SEC to Congress about the incident, citing the confusion it caused and emphasizing the importance of cybersecurity procedures in line with the SEC’s mission to protect investors and maintain fair markets. The senators also remind the SEC of the rulemaking regarding cybersecurity disclosures and propose a deadline of January 15 for the report. The SEC’s X account was compromised, leading to a false tweet about spot Bitcoin ETF approval. (Source: Coindesk)