Recently, social media was shaken by the announcement from the Securities and Exchange Commission (SEC) regarding the compromise of his official account. According to statements from Twitter X, the official SEC account was actually hacked, leading to a preliminary investigation to determine the causes of this intrusion.X's initial analysis revealed that the compromise was not the result of a direct breach in its security systems. Instead, the incident appears to stem from the takeover of a phone number associated with the SEC account by an unidentified individual, acting through a third party.The most troubling finding from this investigation is the confirmation that two-factor authentication was not enabled at the time the account was compromised. This lack of additional security measures allowed a third party to gain unauthorized access to the account, highlighting the critical importance of having robust security mechanisms in place to protect online accounts.This incident highlights the pressing need for users and organizations to strengthen their security protocols. Enabling two-factor authentication has now become an essential component of strengthening online account security, a measure that could have potentially prevented this compromise.X affirmed its commitment to improving the security of its users' accounts and called for increased awareness of good online security practices. However, this intrusion raises legitimate concerns about the vulnerability of online information and serves as a reminder of the responsibility of organizations and users to take proactive steps to protect their accounts from cyber threats.Ultimately, the compromise of the SEC account exposes potential gaps in online data protection and highlights the urgency of strengthening security measures. The lessons to be learned from this incident are not just for the SEC, but should serve as a reminder to everyone to strengthen the security of their online accounts to guard against increasingly sophisticated attacks from cybercriminals.If you liked this article, don’t hesitate to like, follow and vote for me 😉#sectwitterhack #ETFsApproval #GaryGensler #BTC

The SEC is preparing to reconsider Grayscale's ETF application. As you may know, this decision came after the SEC lost its case against Grayscale and chose not to appeal.
Recently, there has been an increase in trading volumes for Grayscale's GBTC and ProShares' BITO. Traditional finance giants have entered into significant competition in the crypto sector. The key question on everyone's mind is whether the SEC will approve Grayscale first or give the green light to all companies with pending applications simultaneously.
November 2 SEC Meeting On November 2, the SEC is organizing a special meeting that brings together commission members, legal experts, and high-level officials. The agenda for the meeting includes topics related to settlement requests, administrative actions, case resolutions, reviews, and enforcement proceedings. The meeting also indicates the SEC's commitment to a detailed reevaluation of Grayscale's ETF proposal.
Renowned attorney Scott Johnsson emphasized the importance of the SEC's November 2 meeting for the approval of a Bitcoin ETF. Johnsson interprets the fact that the SEC did not oppose the court's decision supporting the transformation of Grayscale's GBTC into a Bitcoin ETF as a signal that the meeting may result in a positive decision in this regard. However, it's still important to remain cautious as the news remains uncertain. This development has the potential to significantly impact the cryptocurrency market.
Many observers closely monitoring the market believe that the SEC could simultaneously and collectively approve all existing ETF applications without giving priority to any single application.
However, ETF analyst Dave Nadig raised the possibility of a sudden change in SEC Chair Gary Gensler's stance on ETFs. Bloomberg's ETF analysts described such a change in attitude as "amazingly sadistic." #BitcoinETFs #SEC #GaryGensler