Former White House communications director Anthony Scaramucci believes the drama around the unauthorized tweet about the approval of spot Bitcoin ETF might be a case of one of the U.S. Securities and Exchange Commission’s (SEC) employees prematurely sharing the message. The episode meant the US SEC facing heavy criticism around the mistake that had ‘market moving’ potential.

Also Read: XRP ETF Filing To Come Within Weeks After Bitcoin ETF Approval?

Anthony Scaramucci: Gary Gensler Is Lying

Scaramucci said that SEC Chair Gary Gensler was lying when he said the agency’s X account was compromised and the post on ETF approval was unauthorized. He said blaming the tweet on hacking was just an extension of the “amateurish and dishonest nature of the current SEC leadership regime.” After Gensler stated that the X account of SEC was compromised, Anthony Scaramucci said the SEC Chair was lying. He was sure that an SEC employee jumped the gun to share the announcement prematurely and that Gensler was blaming it on the tweet, which was “carefully worded and included a produced graphic.”

As many as 11 companies, which includes Blackrock, Fidelity, Bitwise, Ark Invest, 21Shares, Grayscale and Valkyrie are awaiting the approval of the first ever spot Bitcoin ETF in the United States. The joint ETF application by Ark Invest and 21Shares faces a deadline to decide whether to approve or deny the ETF, on January 10, 2024.

BTC Price Prediction

Interestingly, Scaramucci was one of the first to predict the potential date for the SEC’s approval of Bitcoin ETF. On December 1, 2023, CoinGape reported his comments that the approvals may be coming as early as January 2024. He had also predicted earlier in 2022 that the BTC Price would reach half a million dollars in the long term.

Also Read: Bitcoin ETF Race Heats Up as Firms Reduce Fees in Final Push Before SEC Verdict

The post Bitcoin ETF Fake Tweet: Anthony Scaramucci Says SEC Staff Jumped The Gun appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am