The recent compromise of trust in the SEC’s X account has raised doubts about the feasibility of today’s projected timeline for spot Bitcoin ETF approval. Charles Gasparino, Senior Correspondent at Fox Business Network, suggests that it would be uncommon for the market regulator to go as far as denying the proposals altogether, based on precedent.
However, in the wake of the hack, some individuals within the crypto ecosystem are considering the possibility of a conspiracy theory. They believe that the incident may have been orchestrated to provide new grounds for the denial of the spot Bitcoin ETF application. While these claims will be investigated, it is expected that the approval process will continue as planned.
Samson Mow, a prominent figure in the industry, has been one of the key proponents of a Bitcoin price surge in the long term. His insights have been widely discussed and analyzed among cryptocurrency enthusiasts.
Please note that this article was originally published on U.Today.