"SEC Approval Hoax: Ark Invest CEO Addresses Compromised Bitcoin ETF Proposals"

Ark Invest CEO Cathie Wood addressed a false post from the SEC announcing the approval of Bitcoin exchange-traded funds, which caused confusion and a price surge in the cryptocurrency market. The post was later clarified to be a hoax, leading to criticism from senators and a retraction from the SEC. Wood reaffirmed her support for cryptocurrency as a public good and emphasized the importance of democratized access to innovation in the financial markets.