"SEC Denies Bitcoin ETF Approval, X Account Compromised"

The Securities and Exchange Commission clarified that a social media post claiming approval of bitcoin ETFs was false and the result of a compromised account. The post initially caused a brief spike in bitcoin's price before falling below $46,000. The SEC is expected to make a decision on bitcoin ETFs this week, with growing optimism for approval. SEC Chair Gary Gensler has been a vocal opponent of crypto, and the commission has taken legal action against major crypto exchanges.